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WD-40 Sees FY20 EPS $4.74-$4.83 vs $4.79 Est., Sales $436M-$453M vs $444.08M Est.

Fiscal Year 2020 Guidance The Company reiterates the following guidance for fiscal year 2020: Net sales growth is projected to be between 3 and 7 percent with net sales expected to be between $436 million and

Benzinga · 01/09/2020 21:06

Fiscal Year 2020 Guidance
The Company reiterates the following guidance for fiscal year 2020:

  • Net sales growth is projected to be between 3 and 7 percent with net sales expected to be between $436 million and $453 million.
  • Gross margin percentage for the full year is expected to be between 54 and 55 percent. 
  • Advertising and promotion investments are projected to be between 5.5 and 6.0 percent of net sales.
  • The provision for income tax is expected to be between 20 and 22 percent.
  • Net income is projected to be between $65.0 million and $66.2 million.
  • Diluted earnings per share is expected to be between $4.74 and $4.83 based on an estimated 13.7 million weighted average shares outstanding.