WD-40 Company: More Downside Following Disappointing Q1 Results

About: WD-40 Company (WDFC)
by: BOOX Research
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BOOX Research
Contrarian, long/short equity

WDFC reported weaker than expected Q1 results with a decline in sales and earnings blamed on the timing of orders and some promotional discounts.

Management reiterated full year guidance, although we think the company will be challenged to reach those estimates which now appear aggressive.

This article recaps the latest earnings release and our view on where the stock is headed next.

(NOTE - BOOX Research's December Short Idea on WDFC was presented Exclusively to Seeking Alpha PRO+ Subscribers. To learn more about Seeking Alpha PRO+, click here)

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