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CDW's Challenging Quarter: Missed Sales Targets, Decline Across Key Segments

CDW Corp (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected fiscal first-quarter 2024 results. Net sales declined 4.5% Y/Y to $4.87 billion, missing the consensus of $5.00 billion.  Adjusted EPS of $1.92 missed the consensus of $2.15.  Net sales from the Total Corporate segment declined 3.1% Y/Y to $2.14 billion, and the Total Small Business segment decreased 7.4% Y/Y to $381 million. Total Public segment net sales fell 4.9% Y/Y to $1.73 billion due to a decline in net sales to Education customers by 10.4% Y/Y. Net sales for CDW's U.K. and Canadian operations, ...