WD-40 Reports Q2 Earnings Per Share of $1.50
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2026
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Source: moomoo
Economic Indicators: The report highlights a significant increase in the unemployment rate, indicating potential economic challenges ahead.
Market Reactions: Stock markets showed volatility in response to the latest economic data, reflecting investor concerns about future growth.
Policy Implications: Analysts suggest that the rising unemployment may prompt policymakers to consider stimulus measures to support the economy.
Consumer Confidence: There is a noted decline in consumer confidence, which could further impact spending and economic recovery efforts.
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Analyst Views on WDFC
About WDFC
WD-40 Company is a global marketing company. The Company develops and sells products that solve problems in workshops, factories and homes around the world. It owns a range of brands that include maintenance products and homecare and cleaning products: WD-40 Multi-Use Product, WD-40 Specialist, 3-IN-ONE, GT85, 2000 Flushes, no vac, 1001, Spot Shot, Lava, Solvol, X-14, and Carpet Fresh. The WD-40 Multi-Use Product is a maintenance product, which acts as a lubricant, rust preventative, penetrant and moisture displacer. The Company markets and sells its products primarily through hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, farm supply, and others. Its maintenance products are sold worldwide in markets throughout North, Central and South America, Asia, Australia, Europe, India, the Middle East and Africa. Its homecare and cleaning products are sold primarily in North America, the United Kingdom and Australia.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Date: WD-40 is set to release its Q3 earnings on July 9 after market close, with a consensus EPS estimate of $1.56, reflecting a modest year-over-year growth of 1.3%, indicating stability in profitability.
- Revenue Growth Expectations: The revenue estimate stands at $172.8 million, representing a 10.1% increase year-over-year, which highlights WD-40's ability to sustain sales growth amid rising market demand, thereby boosting investor confidence in the company's future performance.
- Historical Performance Review: Over the past two years, WD-40 has exceeded EPS and revenue estimates 75% of the time, and this consistent outperformance not only enhances market trust in its financial health but also sets a solid foundation for the upcoming earnings report.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates but one downward revision, while revenue estimates saw one upward revision, indicating analysts' cautious optimism regarding WD-40's future performance, which may influence investor expectations.
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- Earnings Preview: The earnings season officially kicks off from July 13 to 17, with major companies like Levi Strauss, PepsiCo, and Delta Air Lines reporting, prompting market focus on consumer spending and inflationary pressures impacting performance.
- Oil Prices and Consumer Spending: Despite a 27% drop in U.S. WTI crude prices over the past month, consumer gas prices have only decreased by 10.5%, which may influence purchasing decisions, particularly for brands like Levi's.
- Service Sector Data Release: This week will see the release of the S&P Global Services PMI and ISM Services PMI, aimed at providing timely insights into business activity in the U.S. services sector, aiding in the assessment of economic health.
- Semiconductor Industry Volatility: The semiconductor sector faced severe selling last week, with the iShares Semiconductor ETF and VanEck Semiconductor ETF nearing their 50-day moving averages, and the market will watch for whether buyers will support a rebound in this sector.
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- Elite Gross Margin: WD-40 has achieved an average gross margin of 54.9% over the past two years, indicating that only $45.09 of every $100 in revenue is spent on raw materials and production, showcasing its strong pricing power and potential for brand investment, thereby enhancing its competitive position in the market.
- High ROIC: With a five-year average return on invested capital (ROIC) of 26.1%, WD-40 ranks among the best in the consumer staples sector, demonstrating its management's ability to effectively invest in high-profit projects and deliver substantial returns for shareholders, further solidifying its market standing.
- Revenue Growth Potential: Although WD-40's revenue over the past 12 months stands at $636.5 million, which is relatively small, it also implies significant growth opportunities in untapped retail channels, allowing for rapid market share expansion and improved overall performance.
- Strong Market Performance: WD-40's stock has outperformed the S&P 500 by 14.3% over the past six months, with a 20.5% increase in share price to $245.90, reflecting investor confidence in its future growth, although caution is warranted regarding its limited distribution channels.
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- Challenge Returns: The WD-40 Brand Repair Challenge is back, inviting DIY enthusiasts and professionals to showcase their repair skills, emphasizing the economic and environmental benefits of repair over replacement, thereby enhancing brand image.
- Attractive Prizes: Participants can win up to $5,000 for the grand prize, with additional awards of $3,500 and $2,000 for second and third places, encouraging more engagement in repair activities and fostering interaction between the brand and consumers.
- Diverse Prize Structure: In addition to the main prizes, participants can win a $100 Lowe's gift card through weekly sweepstakes, further attracting entrants and enhancing brand loyalty.
- Contest Timeline and Rules: The contest runs from June 1 to August 14, with entries submitted at repair.wd40.com, highlighting that no purchase is necessary to participate, thus lowering the barrier to entry.
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- Limited Edition Can Launch: WD-40 Brand is collaborating with 'King of the Hill' to release a limited edition can, set to hit Home Depot stores nationwide on June 1, aimed at attracting fans of the series and enhancing brand visibility.
- Cultural Connection: This collaboration traces back to a classic scene from a 1998 episode where Hank Hill uses WD-40, reflecting the emotional bond between the brand and consumers, thereby strengthening cultural identity.
- Product Design Highlights: The limited edition can features the iconic animation style of 'King of the Hill' and prominently displays the tagline 'Two American icons. One limited-edition can,' appealing to collectors and fans alike.
- Marketing Strategy: The limited edition can will be available from June 1 to August 31 for a limited time, with promotional efforts on social media designed to enhance brand loyalty and market share through fan engagement.
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- WD-40 Financial Performance: WD-40 reported a 13% increase in maintenance product sales and a 19% rise in Asia-Pacific sales for Q2 fiscal 2026, driven by a 21% surge in its Multi-Use Product, showcasing its strong market penetration across 176 countries and indicating continued stable cash flow and dividend growth.
- BJ's Membership Model: BJ's Wholesale Club plans to open 25 to 30 new locations between 2025 and 2026, with management guiding for 2% to 3% comparable sales growth in fiscal 2026, and a 90% membership renewal rate indicates a stable revenue base, making it a compelling long-term investment.
- Celsius Market Expansion: Celsius Holdings acquired Rockstar Energy and Alani Nu in 2025, nearly tripling its scale to capture about 20% of the U.S. energy drink market, with gross margins expected to rebound above 50% post-integration, while international expansion is just beginning, presenting significant future growth potential.
- Wingstop Rapid Expansion: Wingstop opened 493 net new restaurants in 2025, reaching a total of 3,056 locations globally, targeting 15% to 16% unit growth in 2026, and its asset-light franchise model allows for high profit conversion from growth, making it suitable for long-term holding.
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