Competitively-Priced Models Offer New Growth Opportunities
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)