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| Economy |
| Home Depot tops Wall Street expectations |
| 2021-05-19 |
| [NYPOST] Home Depot on Tuesday reported first-quarter earnings that demolished Wall Street’s expectations, as demand for the retailer’s products remained robust as the pandemic eased. CEO Craig Menear said the company benefitted from "unprecedented demand" in the fiscal first quarter, which ended May 2. The company reported net sales of $37.5 billion — up a staggering 32.7 percent compared with the same time last year, when the pandemic first hit corporate earnings. Wall Street analysts expected $34.96 billion in net sales. Same-store sales rose 31 percent from a year ago, beating Wall Street expectations of a 19.9 percent increase, according to IBES data from Refinitiv. And the company reported net income of $4.15 billion, or $3.86 per share, up from $2.25 billion, or $2.08 per share, a year earlier. Analysts were expecting earnings per share of $3.08. |
| Posted by:Fred |
| #5 I go to Lowe's first for the service, but sometimes it seems I can only find something at Home Depot. YMMV, I guess. |
| Posted by: magpie 2021-05-19 19:50 |
| #4 Home prices SKYROCKET. Guess what else 'skyrockets'.... next years property assessments. Just remember, taxes on the middle-class are not going up under plugs. |
| Posted by: Besoeker 2021-05-19 09:49 |
| #3 Given the price of wood in the first quarter.... |
| Posted by: Procopius2k 2021-05-19 09:13 |
| #2 I was initially surprised noting the GA HD's in my area don't seems to have the same Customer numbers as LOWE'S. But given Lowe's is more of a Homeowner update/basic repair store and HD is more of a Contractor Warehouse so I adjusted my thinking. Pre-Inflation cost vs. Inflation Retail pricing. What would the reported first-quarter earnings look like adjusted for the scamdemic costs of 2020 vs. the 2021 INFLATIONARY prices they were selling for in the 1st qt. Whatever the reason. We'll know if its a Industry wide great 1st Qtr., when Lowe's announces its numbers on its Earnings Conference Call at 9am today or on 5-28-21 at the share holders meeting. ☺ Disclaimer ☺: I Do Not own any Stock or business interest in either Home Depot or Lowe's. In the last 30+ year, as a customer of both, I have been screwed or had issues with each several times.☺ |
| Posted by: NN2N1 2021-05-19 07:49 |
| #1 Their location local to me down here never seemed to slow down during the scamdemic. |
| Posted by: M. Murcek 2021-05-19 06:54 |