Sherwin-Williams Says Consumers Are Still Stretched. Earnings Were Strong Anyway.

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Belgique Dernières Nouvelles,Belgique Actualités

Revenue came in higher than expected and the paint company raised its forecast for full-year profit.

Sherwin-Williams stock was rising Tuesday after the paint company reported higher quarterly earnings and revenue than expected despite pressure on consumer spending.

The company said effective pricing helped it to boost sales despite shoppers’ hesitance to spend. Sales in Sherwin-Williams ‘ consumer-brands business fell 4% from the prior year as North American do-it-yourself customers remained under pressure, the company said.

 

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Belgique Dernières Nouvelles, Belgique Actualités