Summary
Deere & Company announced via an 8-K filing on June 4, 2014, its intention to begin reporting monthly retail sales data. This new disclosure practice, set to commence with the May 2014 sales figures, aims to provide investors with more timely information regarding the company's performance and market conditions. The company stated that these monthly retail sales reports will be accessible on their investor relations website and will include commentary on Association of Equipment Manufacturers (AEM) industry sales data, along with specific details on Deere's sales of farm machinery, turf & utility equipment, and construction equipment. This move towards increased transparency is designed to keep stakeholders better informed about the company's operational trends.
Key Highlights
- 1Deere & Company will commence reporting monthly retail sales figures starting with May 2014 data.
- 2This new disclosure initiative aims to provide investors with more frequent updates.
- 3The reports will be published on the JohnDeere.com/Investors website.
- 4The monthly updates will include commentary on industry sales data from the Association of Equipment Manufacturers (AEM).
- 5Information covered will include retail sales of farm machinery, selected turf & utility equipment, and construction equipment.
- 6This change reflects a commitment to increased transparency for investors.