WD-40: 3 Key Takeaways for Long-Term Investors

WD-40 reported full fiscal year 2026 net sales of $688 million, up 11% year-over-year. The company transitioned Japan to direct distribution to unlock Asian growth, implemented price increases to offset margin pressures (gross margin at 52.8%), and expects recovery to its 55% target within two quarters. Management targets 4-7% net sales growth for fiscal year 2027, leveraging its asset-light model and the flagship product's $2.2 billion global attainable market.