Ferguson expects 2023 net sales growth in low single digits

2022.09.27 07:13

Ferguson Plc, a U.S.-focused plumbing supplies provider, said on Tuesday its net sales growth for fiscal 2023 was expected to be in low single digits after reporting a rise in annual profit that was helped by acquisitions.

The company’s operating profit jumped 44.6% to 2.82 billion pounds ($3.05 billion) for the year ended July 31.

($1 = 0.9241 pounds)

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Ferguson expects 2023 net sales growth in low single digits