
The company beat Wall Street earnings estimates reporting a 22% sales increase, including double-digit growth across all reportable segments, and a 28% increase in diluted net earnings per share (diluted EPS) for its fourth quarter, which ended June 30, 2020. For fiscal year 2020, the company reported sales growth of 8% and a 16% increase in diluted EPS.
Fiscal Fourth-Quarter Results
- 22% sales increase
- $2.41 diluted EPS, beating analysts expectations of $1.99 per share and a 28% increase versus year-ago quarter
- Net sales rose to $1.98 billion from $1.63 billion beating Wall Street expectations of $1.87 billion for the quarter
Dorer added: "Guided by our IGNITE Strategy, we remain committed to building on this momentum through deliberate and aggressive investments to support our ambition of accelerating long-term sales growth."