Economic Conditions: Broader economic health impacts consumer spending on Toro's products like lawn care equipment and snow blowers. Strong growth usually boosts demand. Weather Patterns: Unusual weather events significantly affect demand for Toro's products. Droughts reduce demand for lawn care, while heavy snowfall increases demand for snow removal equipment. Housing Market: A strong housing market typically stimulates demand for lawn care products as new homeowners invest in landscaping and outdoor maintenance. Commodity Prices: Fluctuations in raw material costs, such as steel and plastic, influence Toro's production expenses and subsequently affect stock price. Competition: Increased competition from other manufacturers impacts Toro's market share and pricing power, potentially lowering profitability. Technological Innovation: Advancements in technology affecting Toro's product line, such as robotics and battery-powered equipment, can impact market perception and investor confidence.