Home Depot Rides High On Improved Housing Market; Investors Encouraged By Results – Yahoo Finance

Home Depot Earnings Review: Rough Weather In Q1 Gives Way To Higher Comparable Sales In Q2 – Forbes

U.S. homebuilder sentiment rose to its highest level since January due to improved labor market conditions and historically low mortgage rates. Also, many customers had passed on spending on yard merchandise, including landscaping material, earlier this year after severe winter delayed the onset of spring. Those sales picked up later as the weather improved. http://finance.yahoo.com/news/home-depot-rides-high-improved-144634598.html

Net sales of $23.8 billion in Q2, up 5.7% year-over-year, beat consensus estimates of $23.61 billion. As expected , the rebounding U.S. housing industry laid out a strong sales ground for home improvement retailers, after a slight slump in the early part of the year. Unfavorable weather conditions had dragged down Home Depots sales in the first quarter as consumers looked to wait out the extreme winter weather to make home improvement purchases. However, pent-up demand and repair and retrofitting activities in spring and summer fueled growth for the retailer this quarter, with comparable sales rising 5.8%, up from only 2.6% in Q1.Home Depot depends on both new and existing house sales, as following the purchase, consumers look to buy home improvement goods and services to furbish their homes. http://www.forbes.com/sites/greatspeculations/2014/08/20/home-depot-earnings-review-rough-weather-in-q1-gives-way-to-higher-comparable-sales-in-q2/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s