WD-40 FY 2026: Revenue $687.99M, Net income $82.35M, EPS $6.08— 10-K Summary

What happened

WD-40 reported fiscal 2026 net sales of $687.99 million, up 11% from the prior year, while net income fell 9.5% to $82.35 million and diluted earnings per share declined 9.1% to $6.08.

Confirmed

Global impact / market context

Sales rose, yet profit fell, so costs or other expenses likely grew faster than revenue. That squeezes profit per sale, which means less of each dollar of sales reaches the bottom line, a key concern for owners of the stock.

Analyst inference

Growth came from both main product lines and all three regions, with online retail, wider distribution and promotions helping. The new Enduring Business Model targets 5% to 9% yearly sales growth in constant currency, which means adjusting for exchange-rate swings.

Analyst inference

What to watch

1. Watch whether sales keep growing 5% to 9% a year in constant currency, which means excluding currency swings, as the new Enduring Business Model targets. Confirmed
2. Watch continued investment in product innovation, sustainability and systems, which the company says it will keep funding; these outlays could raise costs and pressure profit per sale. Proposed
3. Watch whether net income recovers, since sales grew 11% but profit fell 9.5%, suggesting cost pressure; a narrowing gap would signal better profit per sale. Analyst inference

Evidence

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