Briggs & Stratton (BGG) Tops Q3 EPS by 2c
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Briggs & Stratton Corporation Reports Fiscal 2018 Third Quarter Results
April 25, 2018 5:12 PM EDTMILWAUKEE, April 25, 2018 /PRNewswire/ --Â Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its fiscal third quarter ended April 1, 2018.
Fiscal third quarter net sales were $604 million, an increase of $7 million, or 1.2%, from $597 million for the prior year from continued favorable momentum in commercial sales and higher sales of generators. The company estimates that unseasonable spring weather lowered quarterly lawn and garden sales by approximately $10 million from a year ago, but caused spring storms which helped elevate generator sales. Quarterly gross profit margin of 21.6% (GAAP)... More