WD-40 Co. (WDFC) Misses Q2 EPS by 3c, Offers FY Guidance
WD-40 Co. (NASDAQ: WDFC) reported Q2 EPS of $0.87, $0.03 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $96.5 million versus the consensus estimate of $99.79 million.
GUIDANCE:
WD-40 Co. sees FY2017 EPS of $3.64-$3.71, versus the consensus of $3.64.
- Net sales growth is projected to be between 2 and 4 percent with net sales expected to be between $390 million and $395 million.
- Gross margin percentage for the full year is expected to be above 56 percent.
- Advertising and promotion investments are projected to be below 6.0 percent of net sales.
- Net income is projected to be between $51.3 million and $52.3 million.
- Diluted earnings per share is expected to be between $3.64 and $3.71 based on an estimated 14.1 million weighted average shares outstanding.
For earnings history and earnings-related data on WD-40 Co. (WDFC) click here.
