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18.11.25 - 13:30
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Home Depot Slashes Outlook As Home-Renovation Demand Continues To Crumble (ZeroHedge)
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Home Depot Slashes Outlook As Home-Renovation Demand Continues To Crumble
Home improvement retailer Home Depot slashed its full-year earnings outlook after another weak quarter, citing soft big-ticket spending, a paralyzed housing market, and lackluster seasonal demand. Adjusted EPS is now expected to fall 5%, worse than prior guidance.
Third-quarter comparable sales rose just .2%, far below Bloomberg Consensus estimates of 1.36%. The retailer warned about weak consumer demand as elevated interest rates discourage home buying and remodeling. As a result, consumers are opting for smaller projects rather than upgrading their patios or building new decks.
Snapshot of the third quarter with Bloomberg Consensus estimates:
Comparable sales: +0.2% (miss; est. +1.36%)
U.S. comps: +0.1% (miss; est. +1.25%)
Total net sales: $41.35 bn (+2.8% y/y) — modest beat (est. $40.97 bn)
Includes ~$900 m from recent GMS acquisition
Adjusted EPS: $3.74 (miss; est. $3.84; down from ...
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19.08.25 - 20:42
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Home Depot Sales Gain on Small Home Projects | Open Interest 8/19/2025 (Bloomberg)
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Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Intel shares reach the highest in five months as President Trump weighs a 10% government stake in the company to build the chipmaker's manufacturing prowess. Ahead of the Fed's gathering in Jackson Hole this Friday, Fed Governor Michelle Bowman joins Open Interest to discuss plans in her role as vice chair for supervision. Palo Alto Networks won praises from Wall Street after posting strong results, its CEO tells Open Interest that AI cybersecurity products are crucial to protecting companies against the prevalence of AI cyberattacks. (Source: Bloomberg)...
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19.08.25 - 18:18
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Home Depot Sales Return to Growth (Bloomberg)
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Brian Nagel, Oppenheimer & Co. Senior Analyst, says Home Depot's shares are driven by the market's optimism that lower rates are in sight. He tells Open Interest that the company's sales are largely driven by demand in the housing market when consumers purchase home improvement products. (Source: Bloomberg)...
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19.08.25 - 13:12
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Home Depot Sales Miss Expectations on Soft Demand (Bloomberg)
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Home Depot Inc. said comparable sales grew 1% in the fiscal second quarter, less than analysts had expected, in a sign that consumers are staying away from big purchases amid high interest rates and inflation uncertainty. Drew Reading reports on Bloomberg Television....
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