3 Ingredients That Make Up Deere's Secret Sauce for Growth
Deere (NYSE: DE) stock continues to outperform the industrial sector and the broader indices. In fact, Deere's year-to-date performance turned positive on Monday despite the S&P 500 and the Nasdaq Composite still languishing in a bear market.
When the company reported its third-quarter fiscal 2022 results in late August, it also lowered its full-year net-income guidance from a prior range of $7 billion to $7.4 billion to a new range of $7 billion to $7.2 billion. But positive customer demand in its end markets could spill over into 2023, casting an optimistic outlook for the farm and heavy construction machinery company.
Here are three reasons why Deere is putting up record results during a business environment in which so many companies are failing to counteract inflation.
Source Fool.com
