New Line of Toro Lawn and Garden Tractors to Debut at Toro Dealers and The Home Depot
BLOOMINGTON, Minn., Jan. 5 /PRNewswire-FirstCall/ -- The Toro Company (NYSE: TTC) announced today that a new line of Toro lawn and garden tractors will be available in early 2006 at Toro dealers and the nation's number one home center retailer, The Home Depot(R). These value-priced models offer homeowners Toro quality and features at attractive suggested retail prices starting at $1,299.
Six models, with suggested retail prices ranging from $1,299 to $2,999 will be offered at Toro dealers. "This strategy enhances our relationships with dealers by providing them with new, competitively-priced models to increase floor traffic and drive sales," said Michael Hoffman, Toro's president and chief executive officer.
A selection of tractor models will be offered nationwide at The Home Depot under an exclusive brand licensing agreement. In addition, the retailer will carry Toro's popular TimeCutter(R) Z -- so maneuverable it can cut mowing time in half. "This move strengthens The Home Depot as the home center destination for a wide range of Toro products -- including lawn and garden tractors, zero- turn-radius riding mowers, walk power mowers, snowthrowers, irrigation systems, and handheld outdoor power equipment," added Hoffman.
The company expects initial shipments to arrive at dealerships and The Home Depot retailers in the United States and Canada beginning in February.
About The Toro Company:
The Toro Company (NYSE: TTC), with fiscal year 2005 sales of $1.8 billion, is a leading provider of outdoor maintenance and beautification products for home, recreation, and commercial landscapes around the world. Together with its distributors, Toro provides innovative products, agronomic expertise and exemplary service that helps consumers and professionals maintain their landscapes.
SOURCE The Toro Company
01/05/2006
CONTACT: Investor Relations, Stephen P. Wolfe, Vice President, CFO,
+1-952-887-8076, or John Wright, Director, Investor Relations,
+1-952-887-8865, both of Toro; or Media Relations, Connie Kotke of Toro Media
Relations, +1-952-887-8984, pr@toro.com
Company News On-Call: http://www.prnewswire.com/comp/103025.html
Web site: http://www.thetorocompany.com
(TTC)