Snap-On's International Tools Sales Saw Uptick Amid Product Pivot, CEO Says -- Market Talk

Dow Jones2025-04-18

1431 ET - Economic uncertainty and falling confidence overshadowed Snap-On's pivot to lower-priced tools in the U.S., but the strategy shift showed early signs of success internationally, Chief Executive Nick Pinchuk says during the analyst call. Pinchuk says the company's international tool sales rose a low-single digit percent in the quarter as its foreign customers shrugged off President Trump's recent comments regarding Greenland, Gaza and the Panama Canal as well as his changing tariff policies. "The international segment isn't worried about any of this stuff," Pinchuk said, adding their concerns may vary by country and proximity to the U.S. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

April 17, 2025 14:32 ET (18:32 GMT)

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