FERG - Ferguson's Shares Have An Upward Trajectory After Q4 Earnings: What Investors Need To Know | Benzinga
Ferguson PLC (NYSE: FERG) reported a fourth-quarter FY23 sales decline of 1.7% year-over-year to $7.8 billion, beating the consensus of $7.6 billion.
Adjusted EPS was $2.77, above the consensus of $2.46.
Reductions in residential drove the sales decline; organic revenue declined 5.3% Y/Y.
Net sales in the U.S. business declined 1.5%, with Canada's net sales down 5.1%.
The adjusted gross margin for the quarter expanded by 10 bps to 30.6%, ...