Briggs & Stratton (BGG) Misses Q2 EPS by 5c, Lowers Guidance
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Briggs & Stratton Corporation Reports Fiscal 2019 Second Quarter Results
January 23, 2019 4:28 PM ESTMILWAUKEE, Jan. 23, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its second fiscal quarter ended December 30, 2018.
Second fiscal quarter net sales were $505 million, an increase of $59 million, or 13.2%, from $446 million in the prior year. Continued favorable momentum in sales of engines and products designed for commercial markets led to growth of 18% on a trailing twelve month basis. Quarterly GAAP gross profit margin of 18.3% and adjusted gross profit margin of 18.6% decreased from a GAAP gross profit margin of 20.8% and adjusted... More