FERG - Ferguson's Q3 Margins Expand Despite Continued Deflation - Details Here | Benzinga
Ferguson Plc (NYSE:FERG) shares are trading slightly lower in the morning session on Tuesday.
The company reported third-quarter net sales of $7.308 billion, which was 2.4% higher year over year, driven by volume improvement despite continued deflation of approximately 2%.
Ferguson said weakness in certain commodity-related categories persisted, driving modest overall price deflation in the quarter under review.
Net sales in the U.S. business increased by 2.2%, while that in Canada grew by ...