WD-40 Co. sales increase 9% in Q2
San Diego-based WD-40, whose brands include a variety of lubricants and cleaning products, saw sales jump 9% in the quarter ended Feb. 29.
The company posted sales of $86.0 million for the quarter. Net income for the quarter was $10.6 million, an increase of 16% compared to the same quarter last year.
CEO Garry Ridge pointed to developments in growing its WD-40 Specialist product line. “This is the beginning of the Company’s journey to offer a greater diversity of WD-40 branded products within adjacent categories where we can meet end user needs," Ridge said. "We are tracking well in our U.S. rollout and are just beginning our roll out in Europe."
Sales in the Americas segment in the second quarter were $46.0 million, up 21% compared to the second quarter last fiscal year and were $86.7 million year-to-date, up 12% compared to the prior fiscal year period.
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Weber deals with Made-in-USA fallout
A settlement to a class-action lawsuit launched against grill-manufacturer Weber over its “Made-in-USA” claims is heading to a final approval hearing July 20 in San Diego.
The original lawsuit filed in February last year alleged that Weber violated the law by designating Weber grills and certain accessories as "Made in USA."
On its web site, Weber denies any wrongdoing: “Weber believes that because all Weber grills and the disputed accessories are designed and engineered in the USA, and all grills save for one line are manufactured and assembled in the USA using component parts primarily made in the USA, it did nothing wrong.”
Still, the case winds on. Among the important dates is an April 30 deadline for consumers to file a claim. The proposed settlement provides: a payment of $2.00, $5.00, or $9.00 to class members composed of those who purchased a Weber grill or accessory between Feb. 15, 2007 and Feb. 15, 2012.
Weber also agreed to pay costs of the settlement process.
In the original complaint, lawyers for a California resident who bought a grill alleged that certain Weber’s grill products “are substantially made, manufactured or produced from component parts that are manufactured outside the United States.”
The complaint pointed specifically to charcoal grate and the charcoal separator (both made in China) and the hinged grilling grate, made in Taiwan.
In the future, Weber may describe certain products as “Made in USA, incorporating globally sourced component parts” on products that have foreign made component parts.
Also part of the settlement was an agreement that Weber would request that Home Depot and Lowe’s post a summary notice of the settlement at each of its stores for the duration of the claims period.
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Epicor goes mobile with software solution
Dublin, Calif.-based Epicor has made available mobile versions of its software solutions for manufacturing, distribution and retail.
Developed by the dedicated Epicor mobile development team, Mobile Manager for Catalyst and ECS Pro allows storeowners and managers to get more done by serving them real-time information on their Android or Apple smartphone or tablet. Managers can respond to customer inquiries, track the health of the business and make informed decisions with their mobile device.
Mobile Manager is available for Epicor Catalyst and ECS Pro. The company also announced a new hosted solution for companies that do not want to maintain their own computer infrastructure, and an Epicor Payment Exchange for handling card payments.
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