Home Improvement

Home Depot, Inc. (The) (HD) Stock Forecasts

1 week ago ev3v4hn

Summary

Home Depot is the world’s largest home improvement retailer, with sales of $110 billion for the fiscal year ended February 2, 2020. The company, which is based in Atlanta, sells appliances, tools, paint, lumber, plumbing and electrical, garden and other home-improvement supplies in warehouse-sized stores that average 105,000 square feet. About 31% of sales came from plumbing, electrical and kitchen; 29% from hardware and seasonal; 21% from building materials and 19% from paint and flooring. The company’s total selling space is about 238 million square feet. At the end of FY20, Home Depot had 2,291 stores. Approximately 28% of U.S. stores are in California, Florida and Texas. About 8% of the stores are in Canada and 4% are in Mexico. Online sales represented almost 8% of the FY19 total, up from about 7% at the end of FY18.

The company’s fiscal year ends on the Sunday nearest

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Lowe’s Sales Jump 30% in Q3

1 week ago ev3v4hn

Lowe’s (NYSE:LOW) business is still surging. On Wednesday, the home improvement retailer announced sales and profit results for the fiscal third quarter that ran through late October. And while revenue growth slowed compared to the prior quarter, Lowe’s continued to gain ground in a booming market for home furnishings.

Sales rose 30% in the core U.S. market, according to its quarterly filing, compared to a 35% spike in the second quarter. That result was enough to keep Lowe’s ahead of rival Home Depot (NYSE:HD) for a third straight quarter this year. The industry leader reported 25% sales gains for Q3 on Tuesday.

A man and woman paint a room together.

Image source: Getty Images.

Lowe’s also closed the profitability gap between the two businesses by notching gains on both gross and operating profit margins. Yet its 10% operating profit still trails Home Depot’s 14.5% level.

Lowe’s predicted a weaker earnings result in the fourth

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Maersk Line Expects Trade Rebound in 2021

1 week ago ev3v4hn

Danish shipping and logistics giant

A.P. Moeller-Maersk

A/S expects that the global container market could expand by up to 5% in 2021 in a rebound from the pandemic-driven hit to trade in the first half of this year.

The parent of Maersk Line, the world’s largest container line by capacity, said Wednesday that trade volumes are growing again this fall as retailers and manufacturers restock depleted inventories and consumers who were hunkered down in the early months of the coronavirus pandemic resume spending.

“Right now we see volumes slightly above the same period from last year after falling off a cliff in the second quarter,” said Maersk Chief Executive Søren Skou. “A lot of the money that had previously gone into holiday travel and restaurant visits has gone to goods like flat screens and home improvement.”

Improving trade demand, along with stronger pricing and lower costs, helped push Maersk to

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TJX, Lowe’s, Boeing, Target, Tesla & more

1 week ago ev3v4hn

CEO: Carol MeyrowitzCompany value:  $33.309 billionCarol Meyrowitz joined TJX in 1983, eventually becoming president in 2005. She joined its board of directors the following year. TJX operates more than 2,900 discount retail stores, including TJ Maxx, Marshalls and Home Goods.

David McGew | Getty ImagesInset: Essdras M Suarez | The Boston Globe | Getty Images

Check out the companies making headlines in midday trading. 

Target — Shares of the big box retailer popped more than 2% after reporting blowout third-quarter earnings. Target reported adjusted earnings of $2.79 per share on revenue of $22.63 billion. Wall Street expected earnings of $1.60 per share on revenue of $20.93 billion, according to Refinitiv. Target’s curbside pickup service grew more than 500% and its home delivery service Shipt was up nearly 280%.

Lowe’s — The home improvement company sank more than 8% after it reported earnings and guidance that fell short of analyst expectations

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Home Depot Reports Sales Continue to Surge

1 week ago ev3v4hn

Home improvement retailer Home Depot (NYSE:HD) announced strong sales and income growth in its third-quarter earnings report Tuesday. It also said that increased compensation made to frontline and hourly associates during the pandemic will be made permanent, adding about $1 billion in annual spending. 

Home Depot reported a comparable stores increase of 24.1%, with U.S. comp sales increasing 24.6%. Both revenue and earnings beat analyst expectations. Net income of $3.18 per diluted share was 26% higher than the year-ago period, and above analyst estimates of $3.06 per share, according to Refinitiv.

Front of Home Depot store

Image source: The Home Depot.

Chairman and CEO Craig Menear said in a statement the “exceptional” results reflected “the continuation of outsized demand for home improvement projects.” In the nine months ended Nov. 1, 2020, Home Depot has increased its net cash provided by operating activities by more than 60% compared to the previous-year period. 

Earlier

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Nova Scotia Tourism, Travel and Resources

1 month ago ev3v4hn

Welcome to Nova Scotia Canada. From sailing to surfing, hiking to scuba diving this Canadian province has it all. Discover a great diversity of food and local wines found throughout its major cities for all to enjoy, be surprised when you stumble upon little known food establishments that will leave you wanting to return for more.
There are many small coastal communities along the many populated shores of Nova Scotia for tourists to enjoy. From the picturesque beaches for you to Indulge your inner explorer, along with the many outdoor adventures available throughout the year. “Not to mention the many look-offs for all to enjoy”.
It is known that NS has over 7,600 km (4,750 mi) of coast line for you to explore, it would take many years for a person to explore all the great beaches found around Nova Scotia. It is also a surprise to many that most … Read More

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