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Snap-On Inc. (NYSE:SNA) reported third-quarter net sales of $1.147 billion, which declined 1.1% year over year and missed the consensus of $1.157 billion.
Net sales decreased by $19.2 million, or 1.7%, due to an organic sales decline and a $0.3 million negative impact from foreign currency translation, partially offset by $7.2 million in acquisition-related sales.
The gross margin expanded by 137 bps to 51.3%, and gross profit rose 1.7% year ...
