Omicron Is Behind a Flood of Profit Warnings From Consumer Firms [Business News Network (BNN) (Canada)]
Sherwin-Williams Company (The) (SHW)
Last sherwin-williams company (the) earnings: 4/29 07:00 am
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Source: Business News Network
Sherwin-Williams Co. said Friday that omicron led to “meaningful labor challenges” in December, including reduced staff availability and store hours in some locations. The paint company joins more than a half-dozen others across consumer-facing industries that have blamed profit warnings this week on the highly contagious variant and cautioned about what lies ahead. Not only is the new virus strain rekindling 2020-style fears about shopping in person, it's also causing many workers to call in sick. Across the country there have been reports of barren grocery shelves and stores and restaurants cutting back hours. Business owners now are starting to figure out how much that's going to cost them on their financial results. “Many of our suppliers and customers have also reported labor-related impacts due to the ongoing Covid resurgence,” Sherwin-Williams Chief Executive Officer John Morikis said in a statement. Studies suggest the omicron variant causes less-severe disease than ear
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News
- Institutional investors control 79% of The Sherwin-Williams Company (NYSE:SHW) and were rewarded last week after stock increased 6.4% [Yahoo! Finance]Yahoo! Finance
- Wood Coatings Market to Reach $17.8 billion, Globally, by 2033 at 5.3% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Boasting A 69% Return On Equity, Is The Sherwin-Williams Company (NYSE:SHW) A Top Quality Stock? [Yahoo! Finance]Yahoo! Finance
- The Sherwin-Williams Company (NYSE: SHW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- The Sherwin-Williams Company (NYSE: SHW) had its price target lowered by analysts at Citigroup Inc. from $390.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
SHW
Earnings
- 4/23/24 - Miss
SHW
Sec Filings
- 4/30/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/22/24 - Form 8-K
- SHW's page on the SEC website