WD-40 Company Reports Strong Fiscal Year 2026 Sales Growth Amid Margin Pressure
WD-40 Company (WDFC) reported robust financial results for fiscal year 2026, with net sales reaching $688.0 million, an 11% increase over the previous year. The company saw significant growth in its Specialist product line and premiumized offerings, which now account for a substantial portion of multi-use product sales. Despite these gains, fourth-quarter gross margins faced pressure, dropping to 52.8% due to rising raw material costs and specialty chemical inflation. Looking ahead to fiscal year 2027, management provided optimistic guidance, projecting net sales between $715 million and $735 million and non-GAAP diluted EPS between $6.40 and $6.70. The company is also focusing on operational efficiencies, having achieved $7 million in supply chain cost savings this year, while continuing to invest in advertising and e-commerce expansion.
Topics: EPS Fiscal Year Results Gross Margin Net Sales Segment Performance
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Part of the story WD-40 Reports 11% Annual Sales Growth and Outlines Margin Recovery Strategy (2 articles)