Deere Stock Slides as Sales Fall More Than Expected

Core Insights - Deere & Company experienced a significant drop in shares following disappointing first-quarter sales for fiscal 2025, which fell short of analyst expectations [1][6] Company Performance - Sales for the first quarter decreased by 30% year-over-year, totaling $8.51 billion, which is approximately$500 million below analyst consensus [2][6] - The company reported earnings of $3.19 per share for the quarter ending January 28, down from$6.23 per share a year prior, but slightly above estimates by 8 cents [2][6] Future Outlook - Deere has maintained its full-year profit forecast between $5 billion and$5.5 billion, aligning closely with the current analyst expectation of $5.27 billion [3] - The company anticipates a decline in sales across its divisions, projecting a 10% drop in its small agriculture and turf segment, and a 10% to 20% decline in production, precision agriculture, and construction and forestry divisions [4][5][6] - The sales forecast does not account for potential impacts from import tariffs and retaliatory actions from other countries, indicating a volatile market environment [5]