Deere Exec Says Pricing Caught Up With Inflation, And We Saw Supply Change Revert To Normal In Q4
Portfolio Pulse from Benzinga Newsdesk
During a conference call, an executive from Deere & Company stated that their pricing has caught up with inflation and that they observed a return to normal supply chain conditions in the fourth quarter.
November 22, 2023 | 3:22 pm
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Deere & Company's executive has confirmed that the company's pricing has adjusted to match inflation and that supply chain issues have normalized in Q4, indicating operational stability.
The executive's statement suggests that Deere & Company has successfully navigated inflationary pressures by adjusting pricing, which is likely to support margins. The normalization of the supply chain implies that the company is overcoming previous disruptions, which could lead to improved production efficiency and potentially better financial performance. These factors are typically viewed positively by investors and could lead to a short-term increase in stock price.
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