The 2020 Mid-Year Economic Update_long

Snap-on Sales Fell 7.5% in 1Q

Commercial and industrial group segment sales of $299.9 million in the quarter decreased 7% from the first quarter a year ago.
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Snap-on Inc.  (NYSE: SNA), Kenosha, Wisconsin, reported first-quarter sales of $852.2 million, a decrease of 7.5% compared to the same period a year earlier. Profit increased 22.9% to $137.2 million.

Commercial and industrial group segment sales of $299.9 million in the quarter decreased 7% from the first quarter a year ago. Snap-on Tools Group segment sales of $375.9 million fell 8.4%. And repair systems and information group segment sales of $314.6 million decreased 4.1%.

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