Monday, March 27, 2017

Deere & Company Retail Sales

Deere & Company (NYSE:DE) has released commentary on its retail sales data for February. According to Deere, its February retail sales did better than the industry in all the two-wheel drive categories but worse in four-wheel drives and combines.
The chart below shows industry retail sales, so it's also relevant for investors in Deere's peers as well. The monthly numbers can bounce around a lot, so the chart shows the average of the last three months for selected data. As you can see, smaller tractors continue to do well, but the industry is still experiencing significant declines in its more profitable larger agricultural machinery sales.

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