In fact, its sales were even described as robust which is probably the best thing a company can tell its investors. So, what does robust sales look like? The company reported $1.4 billion in net earnings for the first fiscal quarter of the year, or $200,000 more than what it made in Q1 2013. One of the main contributors to Home Depots profits this quarter were all the people buying home improvement supplies to fix their homes following the rough winter most of the nation experienced. One specific example found that concrete sales were on the rise which implies that building contractors are back out on the job again. The first quarter was impacted by a slow start to the spring selling season.
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Good Signs For Home Refinance And Repair – Business Insider
Within the last day, both companies reported earnings, and while their first quarter results came in a bit mixed, their outlooks for the rest of the year were both upbeat. Yesterday morning, Home Depot reaffirmed its fiscal 2014 sales outlook and raised its profit view, though the company’s earnings per share are expected to be bolstered by $3.75 billion in share repurchases expected during the rest of the year. Lowe’s this morning reported first quarter sales that disappointed , but the company’s quarterly earnings and fiscal year outlooks were in-line with expectations. Lowe’s CEORobert Niblock,[p]erformance 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.” Lowe’s also said it expects operating profit margin to improve 65 basis points. Lowe’s shares opened fractionally lower, while Home Depot stock opened a bit higher.
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Seattle startup throws hardhat into home improvement arena |
What do the last four quarterly earnings and revenue growth (Y-O-Y) figures for Home Depot look like and more importantly, how did the markets like these numbers? 2014 Q1 Home Depot has been a relative performance leader, year-to-date. Conclusion Home Depot is a leading provider of home improvement products and services to consumers and professionals. The company reported first-quarter earnings on Tuesday that pleased investors. The stock has been exploding at an increasing rate over the last couple of years and is currently surging higher.
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Is Home Depot Enticing Post-Earnings?
Now another new Seattle company is looking to hammer away at this $300 billion industry. Pro.com, which launched last week, uses proprietary algorithms to give homeowners a price range for work that needs to be done around their house. In Seattle and select other cities, the company will then suggest pre-qualified professionals who have agreed to do the work in that price range, and will even book appointments for them with the workers. Is that enough to build up a following against not only the likes of Porch.com and Angie’s List, but also the brick-and-mortar sources of home renovation such as Lowe’s and Home Depot?
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