Good News For The Housing Market? Home Depot Raises Full-Year Forecast – Forbes
same store sales grew 6.4%. Customer transactions increased 4.2%, while average ticket size grew 1.8% to $58.43. The companys net income came in at $2.1 billion, or $1.52 in earnings per share, a figure that beats the analyst consensus by 8 cents per share and marks a 22.6% improvement over the earnings per share reported this time last year. In the second quarter, our spring seasonal business rebounded, and we saw strong performance in the core of the store and across all of our geographies, Frank Blake, Home Depot chairman and CEO, said in a statement Tuesday morning. Blake also thanked Home Depot employees for their service in the face of this increased demand. Looking ahead to the remainder of 2014, Home Depot reaffirmed that it expects full-year sales to grow 4.8% but also said that based on the second quarters strong results, it is raising its full-year profit forecast to $4.52 per share, a 20.2% increase over full-year 2013 earnings.
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7 FAQs about Whole House Water Filtration Systems – Blogs – Hope Star – Hope, AR
21, 2014 /PRNewswire/ — The Home Depot, the world’s largest home improvement retailer, today announced that its board of directors declared a second quarter cash dividend of 47 cents per share. The dividend is payable on September 18, 2014, to shareholders of record on the close of business on September 4, 2014. This is the 110th consecutive quarter the Company has paid a cash dividend. The Home Depot is the world’s largest home improvement specialty retailer, with 2,265 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion.
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Lowe’s Q2 Earnings Surge as Home Improvement Spending Rise – Analyst Blog – NASDAQ.com
Moreover, gross profit margin improved 20 basis points to 34.55% mainly due to lower cost of sales as a percentage of net sales. Other Financial Aspects Lowe’s ended the quarter with cash and cash equivalents of $1,039 million, long-term debt (excluding current maturities) of $10,063 million and shareholders’ equity of $11,240 million, reflecting a debt-to-capitalization ratio of approximately 47.2%. During the quarter, the company repurchased $1.1 billion worth of its common stock and distributed $183 million as dividends, while in the first half of fiscal 2014, it repurchased $2 billion worth of its common stock and distributed $369 million as dividends. Update on Fiscal 2014 Outlook Despite reporting strong quarterly results, Lowe’s lowered its fiscal 2014 sales outlook while reaffirming its earnings guidance. The company now expects its sales and comparable-store sales to register year-over-year growth of approximately 4.5% and 3.5%, respectively. Earlier, the company has projected growth of 5% and 4% in sales and comparable-store sales, respectively.
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7 FAQs about Whole House Water Filtration Systems About this blog By Anu Jameson Home improvement tips from Networx.com, a website where real people give unpretentious home & garden advice and share their experiences so that you can deal with your own house with more fun and less anxiety. Look here for cheap and time-efficient … X Home Improvement Home improvement tips from Networx.com, a website where real people give unpretentious home & garden advice and share their experiences so that you can deal with your own house with more fun and less anxiety. Look here for cheap and time-efficient ideas (because we also don’t have time to sew our own drapes), real stories about great, imperfect homes and gardens, and funny writers who don’t take themselves too seriously.
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