WD-40 Co (NASDAQ:WDFC) declined Thursday a day after CEO Garry Ridge warned that there may be some sales volatility for its WD-40 Specialist line. He cited on a conference call the timing of promotional programs, the building of distribution and various other factors that come with launching a new product line. For the first quarter ended November 30, the San Diego company reported total net sales of $101.3 million, up 4% from a year earlier. It posted diluted earnings of $0.95, compared with $0.90 a year earlier.
Shares fell 8.8% to $167.65.
Bed Bath & Beyond Inc (Nasdaq: BBBY) climbed after saying on Wednesday that the Union, New Jersey-based retailer is ahead of plan regarding its goal of moderating the declines in its operating profit and net earnings per diluted share. It said it expects its fiscal 2019 net earnings per diluted share will be about the same as fiscal 2018.
Shares climbed 14% to $13.98
E.l.f. Beauty Inc (NYSE: ELF) fell after Wells Fargo & Co (NYSE:WFC) gave the stock an Underperform rating, citing margin pressure from increased advertising and potential tariff risk. The bulk of the Oakland, California-based company’s beauty products are made in China.
The stock dropped 16% to $8.29.
VOXX International Corp (NASDAQ:VOXX) advanced after CEO Pat Lavelle said on a conference call that gross margins were up in all segments, coming in at 30%. He added that the auto parts company is making progress in cutting expenses. For the third quarter ended November 30, the company reported net sales of $129.6 million, compared with $156.6 million a year earlier. It posted net income from continuing operations of
VOXX’s shares climbed 7.7% to $4.78.
The Russell 2000 index of small-cap stocks edged up 0.1% to 1,440.02 after declining earlier.
Contact Dennis Fitzgerald at [email protected]