Sherwin-Williams affirms guidance, has seen minimal disruption in supply chain from COVID-19 pandemic

Sherwin-Williams Co.
SHW,
+6.37%
said Thursday that it was affirming its first-quarter financial guidance, saying it has so far experienced “minimal” disruption to its supply chain in the face of the COVID-19 pandemic. The company said it still expects sales growth of 2% to 5% from a year ago, with the Americas group above the high-end of that range. The company said its production operations in Asia are returning to pre-crisis levels, but the vast majority of its North America paint stores remain open. The stock fell 1.7% in morning trading, but outperformed the S&P 500
SPX,
+0.60%,
which slid 2.4%. Over the past month, Sherwin-Williams shares have dropped 33.0% while the S&P 500 has lost 31.0%.