Bank of America Merrill Lynch reaffirmed its buy rating on Lowe's and added the retailer to its US1 top ideas list.
The "Fast Money" traders discuss the surge in homebuilders after July new home sales hitting a nine-year high, and whether it's time to buy into home-adjacent stocks.
A new report forecasts home remodeling this year will top records set during the housing boom. CNBC's Brian Sullivan discusses. Robert Wetenhall, RBC Capital Markets Homebuilding and Building Products analyst, and Todd Tomalak, John Burns Consulting VP, weigh in.
LONDON, Aug 18- Kingfisher, Europe's largest home improvement retailer, said it was cautious on the short-term outlook after the UK vote to leave the European Union but said it had seen no impact yet on its business, with sales up in the last three months. Véronique Laury, chief executive of the firm which trades as B&Q and Screwfix in Britain and Castorama and Brico...
LONDON, Aug 18- Kingfisher, Europe's largest home improvement retailer, reported solid progress in its second quarter with sales growth driven by its markets in Britain and Poland but said it was cautious on the short-term outlook after the Brexit vote. "In France, widespread industrial action and exceptionally wet weather created a more challenging...
*Cuts full-yr profit forecast to $4.06/ share from $4.11. Aug 17- Home improvement chain Lowe's Cos Inc reported a lower-than-expected quarterly profit and cut its full-year earnings forecast, hurt by a shorter spring in the northern United States and fewer big-ticket purchases at its stores. Sales in northern United States were challenged by a short spring,...
Aug 17- Home improvement retailer Lowe's Cos Inc reported lower-than-expected quarterly sales and profit and cut its full-year earnings forecast, sending its shares down in premarket trading on Wednesday. Lowe's, whose shares were down 6.7 percent in premarket trading, earned $1.37 per share, excluding items, below the average analysts' estimate of $1.42,...
CNBC's Courtney Reagan has the latest numbers on Home Depot, Dick's Sporting Goods, and TJX Companies.
Brian Nagel, Oppenheimer & Co., breaks down Home Depot's quarterly numbers which posted EPS of $1.97 on revenues of $26.472 billion.
Aug 16- Home Depot Inc reported a 6.6 percent rise in quarterly sales, driven by higher spending on home improvement products. The company's net income rose to $2.44 billion, or $1.97 per share, in the second quarter ended July 31 from $2.23 billion, or $1.73 per share, a year earlier. Net sales of the world's biggest home improvement chain rose to $26.47 billion from...
CNBC's Landon Dowdy looks beyond the numbers to see what Wall Street will be watching when Home Deport reports quarterly results.
Elon Musk notes the plans could open a new market with millions of potential customers in just the US.
The “Fast Money Halftime Report” traders and Stephanie Link, TIAA Global Asset Management, discuss Home Depot, Lowe's and increased spending the the home improvement sector.
Home improvement retailers are starting to see how millennials' tastes differ from those of previous generations.
IKEA will recall its Malm dressers in China, the consumer watchdog said, just days after the Swedish company was accused of "double standards."
Home Depot, Boeing and Bed Bath & Beyond are making headlines this Thursday morning.
*UK retail veteran Archie Norman advising. LONDON, June 22- The new Australian owner of British home improvement retailer Homebase has reversed the previous management's program of store closures, potentially saving as many as 700 jobs, its boss said on Wednesday. Bunnings, part of Australia's biggest retail group Wesfarmers Ltd, completed its 340 million...
After you’ve spent your hard-earned cash on an appliance or tech item that costs a pretty penny, do you still need to plunk down more money on an extended warranty for it? CNBC’s Sharon Epperson gives you the insight the next time you are asked at the register if you want the extended warranty.
Lowe's reports quarterly earnings and revenue that topped analysts' expectations.
*Q1 adj EPS $0.87 vs est $0.85. *Net sales jump 7.8 pct to $15.23 bln vs est $14.87 bln. May 18- Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the U.S. housing market and favorable weather led to strong demand for building and home renovation products.