CLAIM #893 · Toll Brothers Inc (TOL) · 2023Q3 earnings call · Aug 23, 2023 · due Oct 31, 2023
“So, we're not going to get ahead of ourselves right now. Marty's comment and our guidance, which is about 80 basis points lower than the 29.3% gross margin we achieved in Q3, for a 28.5% in Q4 was just a reminder that if you go back 12 to 15 months, the market had slowed dramatically.”
Douglas Yearley · CEO
PENDING
graded after results covering Oct 31, 2023 are reported
How to check this claim
Look at: Gross margin, Q4 fiscal 2023
It came true if: Q4 gross margin approximately 28.5% (within 27.5%-29.5% range)
Where: Quarterly income statement (Q4 FY2023 earnings release / 10-K)
Verify independently
SEC filings for TOL ↗ · Claim quote is verbatim from the 2023Q3 earnings call.