Snap-On Inc. (NYSE:SNA) reported second-quarter 2024 net sales of $1.179 billion, which declined 1% year over year and missed the consensus of $1.20 billion. Net sales fell by $11.9 million from 2023, with a $13.5 million organic decline and $5.7 million negative currency impact, partially offset by $7.3 million in acquisition-related sales. Gross margin was 50.6%, and gross profit declined 1.1% year over year to $597.3 million. The operating margin before financial services was 23.8%, up 51 bps, and the corresponding income rose by 1.2% to $280.3 million. Financial services ...