Graco's Earnings Miss Estimates in Q4, Sales Decline 3% Y/Y
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Graco Inc. (GGG) reported a 3% year-over-year decline in sales for the fourth quarter of 2024, missing earnings estimates. The decline is attributed to lower demand in the Industrial segment.
January 28, 2025 | 3:00 pm
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Graco Inc. reported a 3% decline in Q4 2024 sales year-over-year, missing earnings estimates due to lower demand in the Industrial segment.
The 3% decline in sales and the miss on earnings estimates are likely to negatively impact Graco's stock price in the short term. The lower demand in the Industrial segment suggests potential challenges in that market, which could concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100