WD-40 reverses homecare brand sale, unveils new performance model as oil spike pressures Q4

Filed July 9, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jul 10, 2025 · ~1 min read

Key Changes

• high

  Company reversed decision to sell Americas homecare brands (Spot Shot, Carpet Fresh), reclassifying them from held-for-sale to held-for-use in April 2026 with $1.3M catch-up amortization. Management now intends to 'harvest' these brands (extract value without reinvestment) rather than divest.

  Notes: Assets Held for Sale verify on EDGAR →
• high

  Geopolitical oil-price spike in Q3 FY2026 (Middle East conflicts) will pressure Q4 gross margin due to petroleum-based specialty chemical costs and inventory turnover lag. Company implemented price increases in certain markets as mitigation.

  MD&A: Significant Developments verify on EDGAR →
• high

  New 'Enduring Business Model' replaces legacy 55/30/25 framework, targeting 5-9% constant-currency sales growth, >55% gross margin, and Adjusted EBITDA growth exceeding sales growth. Transition takes effect in FY2027.

  MD&A: Performance Measures verify on EDGAR →