Home Depot Lifts Outlook as Weather Boosts Demand
Home Depot said comparable sales declined 1.3% for the quarter through October, better than analysts’ expectations, after adverse weather propped up demand for home-improvement materials. Drew Reading of Bloomberg Intelligence has more on Bloomberg Television.
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Home Depot raised its guidance following strong third-quarter sales as weather around the country normalized and demand rose for grills and paint. Revenue climbed 6.6% to $40.22 billion for the ...
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Home Depot CEO Bernie Marcus (left) and co-founder Arthur Blank in 1997. They weren’t the first to build a “big box” store. They weren’t even the first to have a home impr ...
Weather had a short-term benefit for Home Depot in the quarter, McPhail said. As warmer and dryer weather extended the ...
Home Depot Inc. lifted its forecast of a key sales metric for the year after adverse weather propped up demand for ...
Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe ...
Home Depot is a reasonably safe investment in a recession. However, its slight overvaluation halts our buying proposition.
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