The unusually long and cold winter in several markets stalled Husqvarna’s sales in January and February, but things picked up considerably toward the end of the quarter. Now, cautious inventory management by retailers continues to plague business activity.
Sales for Jan-March in the Americas were down 26 percent from the same time one year ago. Construction market sales specifically were down 8 percent. The Outlook for April-June calls for similar sales activity to the same time period one year ago.
Dealer sales were reported to be up for the quarter ending in March, while a major mass retailer cut back considerably on low-end lawnmowers.
