WD-40 Sales Up Slightly in First Quarter - Modern Distribution Management

Log In

WD-40 Sales Up Slightly in First Quarter

Profit increased 5 percent to $11.5 million.
Author
Date

WD-40 Co. (Nasdaq: WDFC), San Diego, CA, reported sales for the first quarter ended Nov. 30, 2013, of $95.5 million, an increase of 0.3 percent compared to the same period a year ago. Profit increased 5 percent to $11.5 million.

First-quarter multi-purpose maintenance products sales, which include the WD-40 and 3-IN-ONE brands, were $83.9 million, up 3 percent from the prior year. Homecare and cleaning products sales, which include all other brands, were $11.6 million for the first quarter, down 15 percent. According to a press release, the multi-purpose maintenance products segment is a priority for WD-40, while the U.S. homecare and cleaning products are considered harvest brands. 

"Our continued focus on our multi-purpose maintenance products and broadening our product and revenue base has proven successful with the positive growth of the WD-40 Specialist product line and some exciting items we are working on for the 3-IN-ONE brand," Garry Ridge, president and CEO, said."We continue to maintain the homecare and cleaning products, as these brands continue to generate positive cash flow despite the sales declines, with a portion of the declines stemming from our decision to reduce sales of low margin products within these brands."

Americas segment sales in the first quarter were $44 million, down 3 percent compared to the first quarter of the prior fiscal year. The Europe, Middle East, Africa and India (EMEA) segment sales were $36.5 million, up 3 percent year-on-year. Asia-Pacific segment sales were $15 million for the quarter, up 4 percent.

 

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.