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WDFC WD-40 Co News Story

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WD-40 Q3 sales rise marginally, forecasts FY 2025 sales of $600 mln-$620 mln

Overview

WD-40 fiscal Q3 net sales rise 1% but miss analyst expectations, per LSEG data

Company's maintenance product sales up 2% due to growth in U.S., Asia-Pacific

Diluted EPS for fiscal Q3 beats analyst expectations, per LSEG data

Household products maker raises operating income and EPS guidance for fiscal 2025

Outlook

WD-40 projects fiscal 2025 net sales between $600 mln and $620 mln

Company expects fiscal 2025 gross margin between 55% and 56%

WD-40 anticipates fiscal 2025 EPS between $5.30 and $5.60

Result Drivers

GROSS MARGIN IMPROVEMENT - Co reports gross margin rose to 56.2%, up from 53.1% last year

MAINTENANCE PRODUCT SALES - Sales increased 2% driven by growth in U.S. and Asia-Pacific regions

CURRENCY IMPACT - Unfavorable currency translation impacted net sales by approximately $1.6 million

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesMiss$156.90 mln$160.60 mln (1 Analyst)
Q3 EPSBeat$1.54$1.42 (2 Analysts)
Q3 Net Income$21 mln
Q3 Gross Margin56.2%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the household products peer group is "buy" Wall Street's median 12-month price target for WD-40 Co is $296.00, about 22.4% above its July 9 closing price of $229.73 The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 42 three months ago Press Release: ID:nBw5vwC3ca (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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