Sherwin-Williams Says Don't Expect Material Help From Market In Second Half; Sees Gross Margin Expansion In 2H24 Driven By Higher Paint Stores
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams announced that it does not expect significant market support in the second half of the year. However, the company anticipates gross margin expansion in the second half of 2024, driven by higher sales in its paint stores.
July 23, 2024 | 3:40 pm
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Sherwin-Williams does not expect significant market support in the second half of the year but anticipates gross margin expansion in the second half of 2024 due to higher sales in its paint stores.
The company's outlook suggests a challenging market environment in the short term, but the anticipated gross margin expansion in the second half of 2024 due to higher paint store sales is a positive indicator for future profitability.
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