Home Depot Reaffirms Guidance with Higher Prices Offsetting Lower Transaction Volume

Home Improvement Retailer Home Depot reported better than expected third quarter earnings before the market open Tuesday. Same-store sales rose 4.3%, ahead of estimates for 3.1%. U.S. same-store sales rose 4.5%. Home Depot said customer transactions in the third quarter fell 4.3%. Average ticket rose 8.8% to $89.67. The elevated backlogs insulated the company from the broader slowdown in the do-it-yourself market given its preference among professional contractors. Inflation is evident with cost of sales in the third quarter rising … Continue reading “Home Depot Reaffirms Guidance with Higher Prices Offsetting Lower Transaction Volume”

Home Depot Raises Guidance as Higher Prices Offset Lower Transaction Volume

Home Improvement Retailer Home Depot reported better than expected second quarter earnings before the market open Tuesday. The average amount spent per transaction at $HD rose 9.1% during the quarter, while the total number of transactions fell 3% as it grew revenue and earnings with its position to take advantage of the upsurge in construction and renovation. The elevated backlogs insulated the company from the broader slowdown in the do-it-yourself market given its preference among professional contractors. The second quarter … Continue reading “Home Depot Raises Guidance as Higher Prices Offset Lower Transaction Volume”

Can Home Depot Deliver Record Sales and Raise Guidance and Margins Again?

Home Improvement Retailer Home Depot reports second quarter earnings before market open Tuesday. $HD is expected to continue to grow revenue and earnings with its position to take advantage of the upsurge in construction and renovation. The elevated backlogs should insulate the company from the broader slowdown in the do-it-yourself market given its preference among professional contractors. The second quarter is historically HD’s strongest $HD sales rose to the highest ever for the first quarter of the year. The company … Continue reading “Can Home Depot Deliver Record Sales and Raise Guidance and Margins Again?”

Home Depot Delivers Record Sales and Raises Guidance and Margins

Home Improvement Retailer Home Depot was in a position to take advantage of the upsurge in construction and renovation. $HD sales rose to the highest ever for the first quarter of the year. The company is still seeing healthy demand, even in the face of rising prices and a shaky housing market and raised guidance accordingly. Earnings HD earnings per share were $4.09, up from $3.86 a year earlier. Analysts expected earnings of $3.69 a share. First-quarter sales climbed to … Continue reading “Home Depot Delivers Record Sales and Raises Guidance and Margins”