Feb 26- Lowe's Cos Inc reported strong growth in quarterly sales, showing that the No. 2 U.S. home improvement retailer was narrowing the gap with market leader Home Depot Inc.. Home Depot on Tuesday reported a 3 percent decline in sales in the same period, which was marked by winter storms and record cold in much of North America.» Read More
Brian Nagel, Oppenheimer senior equity analyst, breaks down the fourth quarter numbers for the home improvement retailer, and explains why he would pick Home Depot over Lowe's. Both companies are positioned to profit from pent-up demand as the weather warms, says Nagel.
Some analysts say the retailer held up well to the weather, but others are worried about what its sales weakness may indicate.
It all depends on when the weather cracks, says Brian Nagel, Oppenheimer & Co. analyst, providing perspective on how retailers like Home Depot and Lowe's will likely weather the harsh winter.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
Chris Waits, Mid-South Regional VP at Home Depot, shares some winterizing tips for homeowners and explains how the brutal weather has impacted snow supplies.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.
No. 2 home improvement chain Lowe's reported a rise in quarterly profit and raised its outlook for the current fiscal year on Wednesday.
Nov 19- A recovery in the U.S. housing market helped Home Depot Inc to top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook for the third time this year on Tuesday. Home Depot has also improved distribution, cut costs and tailored marketing and merchandising efforts to local markets.
Home Depot CEO Frank Blake discusses his efforts to improve the veterans' lives and homes. He also weighs in on housing around the world and changes that may be made surrounding health care for his company's employees.
CNBC's Sheila Dharmarajan breaks down why home improvement companies are seeing double digits while home building stocks have lost ground.
Laura Champine, Canaccord Genuity, breaks down the company's quarterly numbers, and weighs in on what's driving profits.
Budd Bugatch, Raymond James, dissects the home improvement company's Q2 earnings beat of $0.88 EPS on revenues of $15.7 billion.
Lowe's second-quarter net income rose 26 percent, as the retailer and rival Home Depot were buoyed by the housing market's recovery.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Home warranties are supposed to provide peace of mind. But in many cases, people who try to use them when something breaks experience disappointment and frustration.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
Jim Cramer sees two "incredibly" bullish signals for bank stocks and one company in particular is set to benefit disproportionately.
Home Depot's earnings said a lot about America, Jim Cramer said. It also gave him a treasure trove of investment ideas.
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.
A nascent recovery in the housing market helped Home Depot report higher quarterly sales and earnings on Tuesday.