Aug 20- Home improvement chain Lowe's Cos Inc reported a 5.6 percent rise in quarterly sales as more people undertook home renovation projects after a prolonged winter. Net income rose to $1.04 billion, or $1.04 per share, in the second quarter ended Aug. 1, from $941 million, or 88 cents per share, a year earlier. Revenue rose to $16.59 billion from $15.71 billion.» 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.
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.
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.
Despite signs the consumer may be starting to pull back, discount stores and home retailers remain attractive investment opportunities, says one analyst.
A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.