Home Improvement Retail
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May 22- No. 2 home improvement chain Lowe's Cos Inc reassured investors that sales trends improved significantly in April and May after seeing a weak start to the spring selling season. Like its larger rival Home Depot Inc, Lowe's said it was seeing strong sales to contractors.
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May 22- No. 2 home improvement chain Lowe's Cos Inc reassured investors that sales trends improved significantly in April and May after seeing a weak start to the spring selling season. Like its larger rival Home Depot Inc, Lowe's said it was seeing strong sales to contractors.
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Home Depot's earnings said a lot about America, Jim Cramer said. It also gave him a treasure trove of investment ideas.
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While 94 percent of the companies in the Standard & Poor's 500 Index have already reported quarterly earnings, this week remains a key week for the retail industry with 24 retailers reporting earnings—12 of which are S&P 500 components.
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*Home Depot raises outlook, shares jump. *JPMorgan shareholders to decide on Dimon's chairmanship. *The housing market recovery helped Home Depot report higher quarterly sales and earnings, prompting the world's largest home improvement chain to boost its sales outlook for the year.
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A nascent recovery in the housing market helped Home Depot report higher quarterly sales and earnings on Tuesday.
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May 21- Home Depot Inc reported higher-than-expected quarterly results and boosted its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market.
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May 21- A nascent recovery in the housing market helped Home Depot Inc report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the year. Net earnings rose to $1.2 billion, or 83 cents a share, in the first quarter ended on May 5 from $1 billion, or 68 cents a share, a year earlier.
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Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
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A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.
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Home Depot expects 3 percent growth in 2013, the same it saw in 2012 as economic growth remains steady, CEO Frank Blake told CNBC.
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After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
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Stocks are up as Bears are not yet in control of the narrative. There were no surprises from Bernanke, though he did give a rather spirited defense of QE and low interest rates.
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Feb 26- Home Depot Inc reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the world's No. 1 home improvement chain outshine rival Lowe's Cos Inc for the 15th straight quarter.
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CNBC's Diana Olick takes a look at what home buyers purchase at home improvement stores as well as the types of features they're expecting in a home.
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Brian Nagel, Oppenheimer analyst, breaks down the fourth quarter results on the home improvement retailer of $0.26 vs. $0.23 ESP on revenues of $11 billion.
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Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
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Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
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*Home Depot declines to say when it made the decision. TORONTO, Feb 11- Shares of BlackBerry fell 3 percent on Monday after U.S. home improvement retailer Home Depot Inc said it is replacing the BlackBerry smartphones it provides its executives and managers with Apple Inc's iPhone.
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Kingfisher, Europe's No. 1 home improvements retailer, posted a 6 percent fall in third-quarter profit, hit by a fall in sales in its main markets in France and the UK as well as unfavorable foreign exchange movements.