Fourth Quarter Comparable Store Sales Increased 0.1% on a Reported Basis
Fourth Quarter Gross Margin Expanded 210 Basis Points
Generated Cash from Operating Activities of $125 Million during.
/PRNewswire/ George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, "Universal Corporation.
First Quarter 2024
Strong revenue growth of 6.5% to $670 million, including 7.5% organic growth
Net income of $60 million, or $0.28 per diluted share
Adjusted Net Income of $61 million.
Fourth Quarter Service gross margin expanded 170 basis points driven by 13% Service organic growth
Fourth Quarter Distribution gross margin expands 510 basis points to 30.3% on strength of.