Summary
Deere & Company (DE) announced on April 2, 2009, that it expects to release commentary on its March 2009 retail sales figures. This announcement, scheduled for late in the following week or the week after, will provide insights into the sales performance of the company's farm machinery, construction equipment, and commercial and consumer equipment segments. The information will be made available via a recorded telephone message and through the company's website, following the monthly industry sales report from the Association of Equipment Manufacturers (AEM), typically released around the tenth of the month. This disclosure is significant for investors as it signals a move towards more frequent updates on sales trends, particularly during a period of economic uncertainty. The commentary will offer a direct view into Deere's business activity and market reception, allowing investors to gauge the impact of prevailing economic conditions on demand for agricultural and construction equipment. Investors should monitor this upcoming release for early indicators of the company's performance in the first fiscal quarter of 2009.
Key Highlights
- 1Deere & Company to provide monthly retail sales commentary, starting with March 2009 data.
- 2The sales commentary will cover farm machinery, construction equipment, and commercial and consumer equipment.
- 3The announcement is scheduled for late next week or the week following April 2, 2009.
- 4Information will be accessible via a recorded telephone message and the company's website.
- 5The release will follow the monthly industry sales report from the Association of Equipment Manufacturers (AEM).