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   Non-TechHome Depot (HD)


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From: Neil H2/22/2011 6:42:24 AM
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Home Depot 4th-quarter net surges; raises outlook
Home Depot 4th-quarter net income rises 72 percent on improving sales, raises 2011 guidance


ShareretweetEmailPrintOn Tuesday February 22, 2011, 6:24 am
ATLANTA (AP) -- Home Depot says its fourth-quarter net income rose 72 percent more people started on home-improvement projects. The retailer is also reporting its first yearly revenue increase since 2006 and raising its 2011 net income guidance.

Fourth-quarter net income rose to $587 million, or 36 cents per share. Analysts expected 31 cents per share, according to FactSet.

Revenue rose 4 percent to $15.13 billion. Analysts expected $14.81 billion.

Revenue in stores open at least a year rose 3.9 percent.

For the year, net income rose 25 percent and revenue increased 2.8 percent to $68 billion.

For 2011, the company expects net income to rise 9.5 percent to $2.20 per share. That's up from a prior forecast of a 7 percent to 9 percent increase.

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From: Neil H5/17/2011 7:26:36 AM
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Home Depot's 1Q net income rises, boosts outlook

Home Depot's 1st-quarter profit up, revenue falls on slow start to spring selling season

Home Depot Inc.'s fiscal first-quarter net income rose 12 percent even as a slow start to the spring selling season pushed revenue lower. (AP Photo/Gene J. Puskar)

ATLANTA (AP) -- Home Depot Inc.'s first-quarter net income rose 12 percent even as a slow start to the spring selling season pushed revenue lower.

The country's biggest home improvement retailer also increased its full-year earnings forecast on Tuesday.

Home Depot earned $812 million, or 50 cents per share, for the period ended May 1, up from $725 million, or 43 cents per share, a year ago.

This beat the 49 cents per share analysts surveyed by FactSet expected.

The retailer's performance was helped in part by a decline in total operating expenses, which dropped to $4.41 billion from $4.49 billion.

Revenue slipped 0.2 percent to $16.82 billion, missing Wall Street's $17.06 billion estimate.

The Atlanta chain said revenue at stores open at least a year fell 0.6 percent, with U.S. stores down 0.7 percent. This figure is a key indicator of a retailer's health because it excludes results from stores opened or closed during the year.

Average ticket climbed 1.5 percent to $53.35, but the number of customer transactions dropped 1.9 percent.

Chairman and CEO Frank Blake said in a statement that sales were down due to the sluggish start to the spring selling season, which is the biggest season for the home improvement sector.

On Monday rival Lowe's Cos. said bad weather during its first quarter kept customers away from their gardens and outdoor projects. The No. 2 home improvement retailer reported its first-quarter profit and revenue fell, hindered by bad weather.

Both Home Depot and Lowe's depend on the spring selling season to give them a boost, as shoppers typically head out in droves to buy seasonal items such as flowers, patio furniture and barbecue grills. But so far this year the season has been hampered by cold and rainy weather across the northern half of the country and tornadoes in the Southeast.

Home Depot now expects fiscal 2011 earnings per share of $2.24, up from $2.20. The company maintained its guidance for a revenue increase of about 2.5 percent from 2010's $68 billion, implying revenue of approximately $69.7 billion.

Wall Street predicts earnings of $2.30 per share on revenue of $69.72 billion.

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From: drmicrocap11/10/2016 10:32:57 AM
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IN THE NEWS: HD

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From: drmicrocap2/22/2017 10:44:16 AM
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IN THE NEWS: HD beats the "street"by .08

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From: Mark Benson11/14/2017 8:05:29 AM
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$HD The Home Depot Q3 Earnings In Infographics

The Home Depot had seen an increase in earnings for 3Q17 driven by higher sales of its home improvement products. Also hurricane-related sales positively impacted comparable store sales growth. Graphics of the earnings alphastreet.com

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From: JakeStraw4/19/2018 10:09:27 AM
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The Home Depot to Hire 1,000 Technology Professionals
markets.siliconinvestor.com

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From: JakeStraw5/15/2018 10:02:26 AM
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The Home Depot Announces First Quarter Results; Reaffirms Fiscal Year 2018 Guidance
markets.siliconinvestor.com

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From: JakeStraw5/17/2018 7:58:42 AM
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Can Home Depot Lumber On?
barrons.com
When it comes to the e-commerce threat, Home Depot would seem to be in a better position than other retailers, given that lumber isn’t flying off of Amazon.com delivery trucks. In terms of being Amazon-proof, Home Depot is better positioned than many of its retail peers, which is one reason its stock is up 19% over the last 12 months. The stock has risen at an annualized 19% over the last five years, nearly double the S&P 500’s gain.

But even Home Depot can’t rest on its in-store laurels. “Becoming a best-in-class interconnected retailer” is how Home Depot talks about its e-commerce strategy near the top of its latest annual report.

On Tuesday, the company provided an update, saying that online sales were up 20% in the first quarter, outpacing the overall sales growth of 4.4%.

(Home Depot’s total sales for the quarter were $24.9 billion, slightly below analysts’ forecast. Earnings were a hair above estimates. The stock fell 1.6% on the day.)

The so-called interconnected retail strategy was one of the first things that CEO Craig Menear talked about on Tuesday’s conference call with investors. New this quarter was the ability to add installation services to product purchases. Menear used the example of buying a faucet online, and adding the installation at checkout. “We continue to invest in interconnected shopping experience and see a positive response from our customers in the form of improved customer satisfaction scores, better conversion, and increased sales.”

As trite as “interconnected” sounds, the company may be onto something with the choice of words. “In many, many cases, the experience starts in the digital world,” Menear said. “It may finish in the physical world. Over 45% of our orders, the customer chooses to pick up in one of our stores.”

That’s another big difference from Amazon, of course, which has only begun to build out the bricks-and-mortar presence that enables in-store pickup. With 2300 retail stores, Home Depot has a clear advantage over Amazon.

It turns out that even lumber is popular online, according to Home Depot executives, at least as a starting point for searches.

“Things like the lumber department pages or building material pages are some of our most active pages, because the pros are looking at price and the inventory availability,” Edward Decker, Home Depot’s executive vice president for merchandising, said today. “So while they’re not transacting as much online in those departments, we have great traffic on those pages.”

Out of curiosity, I did a search for Amazon and lumber. Google autofilled the search to Amazon Lumberyard. But there’s no wood at the site. Instead, Amazon Lumberyard is a free, cloud-enabled platform for building video games.

Lumber might be one good reason to still have stores.

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From: JakeStraw5/24/2018 8:05:18 AM
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Home Depot Hits Cold Snap, but Expect It to Spring Back Soon
fool.com

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From: JakeStraw8/14/2018 7:42:29 AM
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Home Depot crushes Wall Street expectations, raises full-year outlook
The home improvement retailer reaped the benefits of a warmer start to the summer, following a rocky spring season.
cnbc.com

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