Deere Exec Says While Production Cuts Came Through As Expected For The Quarter. Retail Sales Came In Lighter Than Anticipated
Portfolio Pulse from Benzinga Newsdesk
Deere & Company (DE) executives reported that while production cuts were as expected for the quarter, retail sales were lower than anticipated.
May 16, 2024 | 2:37 pm
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Deere & Company (DE) reported that production cuts were in line with expectations, but retail sales were lighter than anticipated for the quarter.
The news indicates that while production cuts were managed as expected, the lower-than-anticipated retail sales could negatively impact short-term revenue and investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100