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”

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.