Summary
Deere & Company (DE) announced on June 3, 2015, a new initiative to provide investors with monthly updates on its retail sales performance. Beginning with the May 2015 sales data, which was expected to be released the week following the filing, Deere will publish this information on its corporate website, www.JohnDeere.com/retailsales. This new disclosure aims to provide timely insights into the company's sales trends for farm machinery, turf & utility equipment, and construction equipment, alongside commentary on broader industry sales data released by the Association of Equipment Manufacturers (AEM). This proactive step by Deere signifies an increased commitment to transparency and timely communication with its shareholders. Investors will now have a more consistent stream of data to monitor the company's operational performance and potential impacts from market conditions. The company also indicated that other developments may be posted on its website periodically, suggesting a broader strategy to enhance investor relations through digital channels.
Key Highlights
- 1Deere & Company to begin releasing monthly retail sales data.
- 2The first monthly report will cover May 2015 sales, expected the week after the filing.
- 3Sales data will be available on the company's website: www.JohnDeere.com/retailsales.
- 4Information will include commentary on AEM industry sales data.
- 5Reports will cover farm machinery, turf & utility equipment, and construction equipment retail sales.
- 6The company may post other development updates on its website periodically.