Briggs & Stratton Lowers Bottom End Of FY14 Sales Outlook Range - Quick Facts

(RTTNews) - Briggs & Stratton Corp. (BGG) said it now expects fiscal 2014 net sales in a range of $1.85 billion to $1.92 billion. On April 24, 2014 while releasing its third quarter results, the company expected sales in the range of $1.88 billion to $1.92 billion. Analysts now expect fiscal 2014 revenue of $1.89 billion.

The company said the lower end of the range contemplates a later start to the spring lawn and garden selling season in the U.S., which could potentially have the impact of extending the season past the end of our fiscal year end and into our fiscal 2015.

Briggs & Stratton said it is maintaining its fiscal 2014 net income ranges from $43 million to $50 million or $0.88 to $1.04 per share, excluding the impact of any additional share repurchases and costs related to our announced restructuring actions.

Analysts currently expect the company to report 2014 earnings per share of $1.05.