Updated January 12, 2018 07:08:38 The world’s most expensive knives are often not the best, but when it comes to a great knife, there are many choices to consider, said Dan Misen, chief executive of knife maker Merck & Co. in a call with investors on Thursday.
The company’s Merck Sog Specialty Knife Group rose 4.5 percent in after-hours trading to $1,534.50 after the company reported its second-quarter profit.
The Merck Specialty knife group grew to $12.3 billion, or about 2 percent, from $11.4 billion, an analyst’s estimate.
The Sog knife group has grown to more than $2.3 trillion, up from $1.7 trillion in 2016.
The world has about 1.5 billion people and roughly 1.4 million of them own a knife, according to the U.S. Census Bureau.
That compares with just more than 4 million in the United States.
The knife group also includes the Merck Merkle® and Merck Sharp® knives, as well as Merck’s Knives for Sale brand.
A Merck spokesperson said the Sog group has a good reputation.
The sharp and versatile knife company has been growing steadily, growing by 2 percent annually in the third quarter and by 6 percent annually from last year, according the SOG report.
“We are bullish on the Sogs, which have continued to grow with new products and customers.
We expect a strong return for Sogs in 2018,” the S&P 500 index of large companies added.
The index is based on companies’ earnings and market capitalization, excluding debt.
The value of a knife is dependent on the quality of its construction, according Merck, which manufactures more than 40 different knives.
The knives, which typically have a steel blade and a diamond-shaped sheath, have become a popular choice among shoppers and business professionals who want a more stylish alternative to traditional knives.
“People are looking for more efficient and less bulky alternatives,” Misen said.
The industry’s share of the U:H share of U.T.S., which includes knives, was up to 13.3 percent in 2016 from 11.4 percent in 2015, according data from Knives International.
It was 11.2 percent in 2017.
Merck said the knives’ popularity is largely due to the fact that the quality and design is better than ever.
“The Sog knives are still a very popular choice for consumers.
They are more durable and more versatile,” Misy said.
Merk also said it expects a return to the Søg market in 2019.
The stock’s value is down about 4.3% in 2017 to $839.25, according DataHub, a financial analytics company.
Merks SOG knife unit is based in North Carolina, Merck shares rose 2.2% after trading on Wednesday.
The share price is up 0.6 percent in 2018.
“In 2018, we expect to see a steady improvement in our SOG share of global U:K.
markets and continue to increase our share in SøG,” the company said in a statement.
Merkels shares rose 1.7% in after hours trading on Thursday to $4.16.