Home Depot Says Us Housing Recovery To Boost Sales In 2nd Half – Thegazette

Home Depots shares rose as much as 5.5 percent to an all-time high of $88.16, after the company also reported better-than-expected quarterly results. The company expects same-store sales growth in the second half to be 80 basis points higher than the first half, Chief Financial Officer Carol Tome said on a conference call. She said there was a nice recovery in demand from building contractors as customers clearly feel better about investing in their homes. Home Depot gets much of its business from building contractors. http://thegazette.com/subject/news/business/home-depot-says-us-housing-recovery-to-boost-sales-in-2nd-half-20140819

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s