Their numbers this week may have disappointed Wall Street, but Home Depot and Lowe's continue to outperform most of their retailing counterparts
Share to twitterBoth Home Depot and Lowe's continue to outperform other retailers regardless of any slowdown in the housing market. The news this week from both Home Depot and Lowe’s earnings was not what either might have hoped for and certainly not what Wall Street wanted to hear.
Look at comp store sales, for instance. While both stores missed analyst forecasts, each showed surprising strength if you buy into the housing slowdown premise. Home Depot, the larger of the pair, registered a 3.2% increase in same-store sales, with customer transactions, average ticket size and sales per square foot all increasing.
All of this comes with some weird weather patterns for the quarter, never a good thing for businesses that depend on seasonal shifts to drive business. And a year ago, each retailer was getting some residual benefit from hurricane-driven rebuilding as well as major appliance market share gains. Both were not necessarily factors this time around.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Home Depot forecasts poor 2019 earnings as U.S. housing momentum slowsHome Depot Inc projected 2019 earnings below Wall Street forecasts on Tuesday, a...
Read more »
'Cold, snowy, wet': Home Depot suffers as winter hits house makeoversHome Depot Inc missed Wall Street forecasts for quarterly sales on Tuesday, as a...
Read more »
Home Depot, Caterpillar weigh on stock futures; Fed testimony awaitedU.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Cater...
Read more »
Stocks making the biggest moves premarket: Home Depot, Caterpillar, Tesla & moreSome of the names on the move ahead of the open.
Read more »
Tech stocks help S&P inch higher, Home Depot weighs on DowThe S&P 500 eked out gains on Tuesday, boosted by technology sector, but losses ...
Read more »
Value investor Greenblatt says market in expensive range historically, likes Home Depot, Boeing
Read more »
Home Depot and Lowe’s earnings: Same-store sales could be ‘messy’ due to government shutdown, weatherThe home improvement retailers Home Depot Inc. and Lowe’s Cos. are scheduled to report fourth-quarter earnings on Tuesday and Wednesday, respectively, and while analysts expect difficult comparisons, 2019 is shaping up to be a good year for remodeling.
Read more »
Cramer: Home Depot got hit by bad weather and produced a windfall for investorsJim Cramer says 'if we are talking about just any old retailer, I would say it's time to sell. A miss is a miss. But Home Depot is different.'
Read more »
Economic data, healthcare shares pressure Wall StreetU.S. stocks edged lower on Thursday after a recent run of gains, pressured by we...
Read more »