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Why Is Snap-on Stock Sliding Today?
Snap-on Inc (NYSE:SNA) reported first-quarter 2024 net sales of $1.182 billion, almost flat year-over-year, missing the consensus of $1.199 billion.
Net sales represented a decrease of $0.7 million, or 0.1% YoY, reflecting a decline of $9.9 million, or 0.8%, in organic sales, partially offset by acquisition-related sales and favorable foreign currency translation.
Gross margin expanded by 63 bps to 50.5% with ...