Summary
Deere & Company (DE) announced in this Form 8-K filing on June 3, 2016, a change in how it will report monthly retail sales data. Previously, this information might have been released at different intervals or through various channels. Now, the company plans to release its May retail sales figures late the following week, coinciding with the monthly industry sales announcement from the Association of Equipment Manufacturers (AEM). This move towards a more consistent and timely reporting schedule for monthly retail sales is a positive development for investors. It enhances transparency and allows for quicker assessment of market trends and Deere's performance relative to the broader industry. Investors will be able to access this data directly on the John Deere website, along with commentary from the company on the AEM data and Deere's specific sales performance across its key segments: farm machinery, turf & utility equipment, and construction equipment.
Key Highlights
- 1Deere & Company will begin releasing monthly retail sales data.
- 2The first monthly retail sales report is expected late the week of June 6, 2016, for May sales.
- 3The release will be made public after the Association of Equipment Manufacturers (AEM) monthly industry sales announcement.
- 4Data will be accessible on the John Deere website (www.JohnDeere.com/retailsales).
- 5The report will include commentary on AEM data and Deere's retail sales for farm machinery, turf & utility equipment, and construction equipment.
- 6This initiative aims to improve transparency and timely access to sales information for investors and stakeholders.
- 7Other company developments may also be posted on the website periodically.