Briggs & Stratton (BGG) Misses Q3 EPS by 35c, Lowers FY Guidance
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Briggs & Stratton Corporation Reports Fiscal 2019 Third Quarter Results
April 25, 2019 4:57 PM EDTMILWAUKEE, April 25, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its third fiscal quarter ended March 31, 2019.
Third fiscal quarter net sales decreased 4% to $580 million from $604 million in the prior year. The decrease is largely driven by continued weather-related market softness in Australia and Europe as well as the impact to U.S. sales from the Sears bankruptcy. Ongoing favorable sales momentum led to 18% growth of engines and products designed for commercial markets, on a trailing twelve-month basis, and accounted for 30% of trailing... More