MILWAUKEE – Citing increased demand for engines by lawn and garden equipment manufacturers, Briggs & Stratton Corp. has announced sales increases for the first six months of fiscal 2000. The company believes that lawn and garden equipment manufacturers are building product, particularly lawn tractors, earlier this year, hoping to avoid the engine shortages that developed in the peak selling season last year and the year before.
The company announced that sales were up 24 percent for the first six months of fiscal 2000, second quarter sales increased 17 percent and engine unit shipments increased 6 percent. These increases resulted from a shift in the seasonal pattern.
Briggs & Stratton anticipates that demand from the lawn and garden segment will remain strong through the third fiscal quarter but weaken in the fourth fiscal quarter. Most of the market’s requirements are expected to have been built by the end of the third fiscal quarter.
Because the Y2K transition has occurred, an expected decrease in demand for generator engines has occurred. Fear of Y2K-related power interruptions drove a significant portion of generator demand in 1999. However, the company believes that demand will recover because of general reasons unrelated to Y2K for consumers to purchase standby generators.
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