Stanley Black & Decker reported revenue growth of 18.7% year over year due to a “consumer reconnection with the home & garden”, aka stay-at-home spending during the pandemic, as well as new products, beating analysts’ expectations by 6.6 percentage points. U.S. seaborne imports of tools linked to the firm rose 121.1% higher in Q4’20, likely including restocking as well as sales, while growth slowed to 26.5% in the first three weeks of January. CFO Donald Allan expects “some channel inventory rebuild” in Q1’21. Higher shipping costs a...
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