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”
Home Depot Analyst Update On Home Improvement Sales
Home Depot dissappointed with it’s three quarter earnings report, sending $HD down over 5%, no mean feat with $SPX and $DJIA at ATH. The Home Depot analyst update thus has low analyst expectations.
Lowe’s Earnings Bulge From Storm and House Flippers Home Improvement
Home Improvement Retailer Lowe’s $LOW like it’s brethren Home Depo t $HD was able to take advantage of last quarter’s natural disasters, with a 6.% increase in sales to revenue of $16.8 billion.
Home Depot $HD Earnings Booms From Hurricane Demand
Home Improvement Retailer Home Depot $HD was in a position to take advantage of last quarters natural disasters, with a 7.9% increase in comparable-store sales and revenue of $25.03 billion, up 8% from the same period last year did just that.
Gypsum and Sheetrock Market Price Pressures Follow Hurricanes
The destruction wrought by Hurricane Harvey, Irma and Maria has seen a slew of commodities prices go skyward. The most noted are lumber and gasoline. Perhaps the most poignant as we watch recocery as the mountains of sheetrock we see on curbs. The key commodity here is gypsum with its a price determined by a handful of players.
Slim Hardware Margins Hit Lowe’s $LOW Down 6%
Hardware and home improvement retailer Lowe’s $LOW reported worse than expected second-quarter earnings and warned for the full-year with operating margins pressure. Home Depot $HD shares sold off last week on growth concerns.