Why The Toro Company Stock Hit a 4-Year Low Today

Shares of outdoor equipment business The Toro Company (NYSE: TTC) dropped on Thursday after the company reported financial results for its fiscal first quarter of 2025. As of 2 p.m. ET, The Toro Company stock was down 5% and had hit four-year lows earlier in the day -- disappointing for a stock that had perennially been a long-term market-beater.In Q1, Toro had net sales of $995 million, which was down less than 1% year over year. Not only is it disappointing to see revenue go down, albeit modestly, this result was also below expectations. Even though management kept its full-year outlook unchanged, missing Q1 expectations seems to be the main reason Toro stock is down today.Toro is known for its outdoor equipment, such as lawnmowers. At most, management expects 1% year-over-year growth for its net sales in fiscal 2025. Its commercial business is performing pretty well but its residential business is slow. It shipped fewer products in Q1 due to unsold inventory.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool