Formula 88

Formula 88 Market Overview

Formula 88, owned by private company Petruj Chemical Corporation since 1979, demonstrates a heavily concentrated in-store retail presence with Lowe's commanding 66.8% of revenue share year-to-date, according to Grips Intelligence data covering January through August 2026. The brand's average product price has climbed significantly, rising 31.8% over the measured period to reach $9.54, with particularly steep month-over-month gains of 32.5% in recent months. However, overall revenue declined 25.0% since the beginning of the tracked timeframe, indicating headwinds despite price increases. Home Depot and Amazon round out the channel mix at 25.9% and 7.3% respectively, though pricing data across these channels shows the average in-store value positioning. The substantial reliance on a single retail partner combined with rising prices amid falling volumes suggests Formula 88 is navigating a challenging market environment.