Summary
Deere & Company announced its intention to provide monthly commentary on its retail sales, beginning with November 2008 data. This new disclosure practice aims to offer investors a more frequent and detailed insight into the company's sales performance across its key segments: farm machinery, construction equipment, and commercial and consumer equipment. The commentary will be released concurrently with or shortly after the Association of Equipment Manufacturers (AEM) industry sales report, typically around the tenth of each month. This initiative reflects a commitment to increased transparency, particularly in the current economic climate. Investors can access these updates via a recorded telephone message or through the company's website, www.Deere.com. The release of this information is significant as it provides a timelier look at demand trends for Deere's products, which can be an important indicator of broader economic activity and agricultural/construction sector health.
Key Highlights
- 1Deere & Company will begin releasing monthly commentary on retail sales, starting with November 2008 data.
- 2The commentary will cover farm machinery, construction equipment, and commercial and consumer equipment sales.
- 3Updates will be available shortly after the Association of Equipment Manufacturers (AEM) monthly industry sales report.
- 4Investors can access the information via a recorded phone message or the company's website (www.Deere.com).
- 5This new disclosure practice aims to provide more frequent insights into the company's sales performance.
- 6The announcement indicates a focus on transparency during a period of economic uncertainty.