Description
Key Highlights:
Modestly better than expected Q3 results: Driven by strong Pro and online sales, offsetting continued softness in DIY discretionary spending.
Impact of Hurricanes Helene and Milton: Storm-related sales provided a boost to Q3 results and are anticipated to modestly impact Q4.
Focus on Total Home Strategy: Emphasis on driving Pro penetration, accelerating online business, expanding installation services, driving localization, and elevating assortment.
Updated full-year 2024 outlook: Sales and earnings guidance revised upwards, reflecting Q3 performance and anticipated storm impact.
Continued commitment to capital allocation: Share repurchases and dividends totaling $1.4 billion returned to shareholders in Q3.
Key Highlights:
Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion,...
Published 11/23/24
Key Highlights:
Revenue Growth: Total net revenue increased to $3.283 billion, up from $2.978 billion in the same period of the prior year. This was primarily driven by growth in service revenue, particularly from QuickBooks Online Accounting and Online Services.
"Revenue for our Credit Karma...
Published 11/23/24