WD-40 Company is a global manufacturer and marketer of maintenance products, most notably known for its signature multi-use lubricant spray
The company develops a diverse range of products designed to clean, protect, and lubricate various surfaces and materials, catering to both consumer and industrial markets. In addition to its flagship WD-40 product, the company offers a variety of specialty products including cleaners, degreasers, and rust prevention solutions. WD-40 Company emphasizes innovation and sustainability in its product development, striving to meet the needs of customers across different sectors, including automotive, home improvement, and industrial applications.
Regarded as defensive investments, consumer staples stocks are generally safe bets in choppy markets. The flip side is that they frequently fall behind growth industries when times are good,
and this was the reality over the past six months as the sector’s flat performance trailed the S&P 500’s 16.8% gain.
Household products company WD-40 (NASDAQWDFC) announced better-than-expected revenue in Q4 CY2024, with sales up 9.3% year on year to $153.5 million. On the other hand, the company’s full-year revenue guidance of $615 million at the midpoint came in 1.3% below analysts’ estimates. Its GAAP profit of $1.39 per share was 10.3% above analysts’ consensus estimates.
Let’s dig into the relative performance of Central Garden & Pet (NASDAQCENT) and its peers as we unravel the now-completed Q3 household products earnings season.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Energizer (NYSEENR) and the rest of the household products stocks fared in Q3.
WD-40’s 15.9% return over the past six months has outpaced the S&P 500 by 8.2%, and its stock price has climbed to $259.09 per share. This run-up might have investors contemplating their next move.
Technology stocks, specifically chipmakers, could lead from the front on Thursday as a stellar third-quarter earnings report from Taiwan Semiconductor Manufacturing Company Ltd.
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.
