Why WD-40 Fell 18.8% in April

·2-min read
Why WD-40 Fell 18.8% in April

Shares of WD-40 (NASDAQ: WDFC) fell by 18.8% in April, according to data from S&P Global Market Intelligence. WD-40 released its second-quarter earnings for the period ended Feb. 28, where net sales grew 12% year over year, led by a 19% year-over-year increase in sales to EMEA and a 39% year-over-year jump in sales to the Asia-Pacific region. The reason for the decline was supply-chain disruptions and bottlenecks caused by the COVID-19 pandemic that resulted in the company's inability to meet increased demand.

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