Home Depot’s first-quarter sales rise 2.9 percent
Both on a total sales and comparable-store sales basis, Lowe’s is underperforming Home Depot. Like Home Depot, Lowe’s was hurt by challenging weather during the last quarter, and management is also optimistic regarding the prospects for an acceleration in growth during the rest of the year: “Performance has improved in May, which, together with our strengthening execution, gives us the confidence to reaffirm our sales and operating profit outlook for the year.” The company is also generating solid profitability in spite of the harsh environment affecting sales during the quarter: Gross profit margin came in at 35.5%, a 70-basis-point increase versus the same quarter in the prior year, while operating margin increased to 8% of revenues versus 7.5% in the year-ago period. Lowe’s reduced its share count by 6.7% during the quarter.
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Local Startup Launches The Connecticut Home Improvement Network – Town Square – Stratford, CT Patch
Credit: Reuters/Jonathan Ernst (Reuters) – Home Depot Inc (HD.N), the world’s largest home improvement chain, reported a 2.9 percent rise in quarterly sales as its spring selling season got off to a slow start. Home Depot’s net income rose to $1.38 billion, or $1.00 per share, in the first quarter ended May 4 from $1.23 billion, or 83 cents per share, a year earlier. Revenue rose to $19.69 billion from $19.12 billion. Comparable store sales increased 2.6 percent.
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TotalHousehold has a database of more than 1.3 million contractors nationwide in dozens of categories. It also has an extensive online library of home improvement information. Designed to bring the website to life, each meetup event will provide an open forum and the kind of information sharing never before possiblein addition to interacting with each other, homeowners will be able to meet with other homeowners contemplating projects and contractors will have the opportunity to network with other contractors in their area as well. The Connecticut Home Improvement Network plans to host a variety of themed events that cover specific topics such as energy efficiency, landscaping, swimming pool installation, kitchen remodeling and more.
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When should you call a professional for a home improvement project? | kplr11.com
Posted 12:48 pm, May 22, 2014, by Staff Writer , Updated at 12:49pm, May 22, 2014 Email ST. LOUIS, MO (KPLR) Memorial Day weekend is often when people being working on their home improvement projects. So, what kind of projects can you do yourself, and when should you hire a professional? Scott Mosby from Mosby Building Arts is here to explain.
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