WD-40 Company shares fall 1.28% intraday after selling UK homecare and cleaning product operations.

WD-40 Company's stock price decreased by 1.28% during intraday trading. The company announced the sale of its homecare and cleaning product businesses in the United Kingdom, including the 1001 and 1001 Carpet Fresh brands, to Supreme Imports Ltd. The transaction, valued up to £5.6 million ($7.5 million), was completed through a simultaneous sign-and-close process. This strategic move aims to optimize the company's portfolio and resources, prioritizing higher growth and higher gross margin opportunities in maintenance.