Delayed Spring Slows Q1 Growth But Home Depot Reaffirms Guidance?

By John Heerdink LinkedIn

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot reported the slowest quarterly growth in at least the last three years due to cold weather and a sharp drop in lumber prices which has delayed the spring.  IBES data from Refinitiv expected the same-store sales growth to increase by 4.2 percent however, an increase by 2.5 percent was recorded in the quarter ending May 5. The company’s net income advanced to $2.51 billion as compared to $2.4 billion from last year. Home Depot still  managed to beat Wall Street’s estimates on the bottom-line

Home Depot also reaffirmed its guidance for fiscal 2019. It sees revenue growth of about 3.3 percent for 2019 that includes a 5 percent increase in comparable same-store sales.  Management did warn that their guidance did not take into consideration any possible impact that tariffs on Chinese-made goods could have on their results.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

wk7(5)

Home Depot same-store sales misses on cold weather, weak lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday and missed Wall Street estimates, as the home improvement chain was hurt by poor weather in February …..

finance.yahoo.com

Read Full Article


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us