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Sherwin-Williams Expects Q2 Consolidated Net Sales To decrease By A id-Single-Digit Percentage YoY

CLEVELAND, June 22, 2020 /PRNewswire/ --The Sherwin-Williams Company (NYSE:SHW) today increased its net sales guidance for the second quarter of 2020. The Company now expects second

Benzinga · -

CLEVELAND, June 22, 2020 /PRNewswire/ --The Sherwin-Williams Company (NYSE:SHW) today increased its net sales guidance for the second quarter of 2020. The Company now expects second quarter 2020 consolidated net sales to decrease by a mid-single-digit percentage compared to the second quarter of 2019. The Company's prior guidance, issued April 29, 2020, was for second quarter 2020 consolidated net sales to decrease by a low to mid-teens percentage compared to the second quarter of 2019.

On a segment basis, second quarter net sales in The Americas Group are expected to be down by a high-single-digit percentage compared to the previous guidance of down by a low-double-digit to mid-teens percentage. Net sales in the Consumer Brands Group are expected to be significantly above the high end of the previous guidance of up by a high-single-digit to low-double-digit percentage. Net sales in the Performance Coatings Group are expected to be in line with the previous guidance of down by a high-teens percentage.