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18.08.26 - 17:45
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Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn (ZeroHedge)
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Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn
Home Depot reported stronger-than-expected second-quarter sales and profit as homeowners spent money on smaller do-it-yourself projects, giving the home-improvement retailer enough confidence to reaffirm its full-year outlook.
The frozen housing market, combined with elevated borrowing costs, has deterred homeowners from financing larger renovations, such as replacing exterior windows and doors or installing a new deck, and has also pressured Home Depot shares over the past year and a half.
However, second-quarter demand showed signs of resilience in smaller projects, including ceiling fan replacements, landscaping, gardening, and electrical upgrades.
"They are engaged in smaller projects, but we haven't yet seen that combination of factors that unlocks larger projects," CFO Richard McPhail said in an interview.
Comparable sales increased 1.7% in the quarter, beating the Bloomberg consensus estimate for a ...
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18.08.26 - 13:01
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Home Depot Beats Estimates on Faster Sales Growth (Bloomberg)
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Home Depot's results beat estimates in the second quarter, as comparable sales, which measure results at stores open for at least a year, rose 1.7%, while adjusted earnings also surpassed expectations. Lindsay Dutch of Bloomberg Intelligence has more on Bloomberg Television. (Source: Bloomberg)...
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18.08.26 - 12:54
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Home Depot Backs Annual Growth Outlook (AFX)
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COBB COUNTY (dpa-AFX) - Home Depot, Inc. (HD), a retailer of home improvement products, including appliances, bathroom decorating items, kitchen remodeling, power tools, and many others, on Tuesda......
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17.08.26 - 17:39
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Key Events This Week: FOMC Minutes, PMIs, Industrial Data; WalMart And Home Depot Earnings (ZeroHedge)
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Key Events This Week: FOMC Minutes, PMIs, Industrial Data; WalMart And Home Depot Earnings
While global equity indices are at or close to all-time highs, DB's Peter Sidorov writes that we're seeing more challenging August crosswinds playing out in bond markets. Expectations for an imminent Fed rate hike have been pulled back, but this has been accompanied by a significant US curve steepening, with the backdrop of higher oil prices, elevated fiscal deficits, and demand for capital from the AI investment boom putting upward pressure on yields. The resulting long-end sell-off has also been a global affair, with 10yr OAT yields ending last week at their highest level since 2009 and the 30yr bund yields reaching a post-2011 high of 3.73% (see the full weekly recap at the end).
Bond markets could face further tests this week, with events including the flash August PMIs (Friday), minutes of the July FOMC meeting (Wednesday), as well as China's monthly activity data a little later this morning. Mea...
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