The Clorox Company (CLX) has adeptly responded to the challenges in the consumer goods industry by strategically implementing digital transformation, innovation and pricing and cost-saving initiatives. Additionally, its IGNITE strategy bodes well.The company’s streamlined operating model, aimed at improving efficiency, led to gross margin expansion of 40 basis points (bps) year over year to 42.2% in third-quarter fiscal 2024. This marked the sixth consecutive quarter of gross margin expansion, driven by pri ...