Loading...
Elevated mortgage rates and record-high home prices are expected to halt the home-improvement spending boom. Home Depot and Lowe's may indicate challenges from subdued consumer spending and housing demand. Home Depot's Q3 earnings beat expectations with EPS of $3.81 and revenue of $37.7B, but comparable sales declined by 3.1%. The company narrowed its guidance for a decline in profit and revenue due to waning home-improvement demand. Despite the sales decline, Home Depot remains optimistic, stating that the worst of the inflationary environment is behind them, which could be positive for retailers and consumers.
Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers https://t.co/13g6HJsh4J
Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers https://t.co/T1pmzbDtBn
Even as Home Depot forecast sales declines, the retailer had good news for investors and consumers. https://t.co/WEaRUmK6UD
Home Depot tops estimates as customers spend on small projects https://t.co/KMYb4LmCkw https://t.co/SWhiDdxBl9
As sales cool, Home Depot has good news: 'The worst of the inflationary environment is behind us' https://t.co/v33O6sxx9I
Home Depot undergoing a year of 'moderation', says CEO after earnings report https://t.co/jiwMrrZCeU by @BrookeDiPalma
Home Depot beats Q3 earnings estimates as customers opt for smaller projects https://t.co/PZJt8xf5m9 by @BrookeDiPalma
$HD (+1.1% pre) Home Depot’s earnings and sales fall again, but it beats Wall Street’s forecasts - CNN https://t.co/UBC8z0CIWr
Home Depot $HD FY23Q3 Q3 Comp sales -3.1% (US: -3.5%) (transactions -2.4%, avg. ticket -0.3%) Sales -3.0%, Gross Profit -3.7% EBIT -12.1%, Net Income -12.2%, EPS -10.1% YTD EPS -8.2% FY23 outlook narrowed Sales decline 3-4% EBIT margin 14.1-14.2% (PY: 15.3%) EPS decline 9-11% https://t.co/RmrABzQAOV
⚠️BREAKING: *HOME DEPOT 3Q EARNINGS PER SHARE $3.81, EST. $3.76 *HOME DEPOT 3Q REVENUE $37.7B, EST. $37.6B https://t.co/LnbLSe5Cat $HD https://t.co/iz5U5hYOt3
Home Depot narrows its guidance for a decline in this year’s profit and revenue as home-improvement demand wanes https://t.co/EsrvaGvbO8
$HD Home Depot beats on eps, rev in-line. Comps -3.1% (US -3.5%) Stock +0.6% https://t.co/CSQQ5sRRHk
HOME DEPOT $HD JUST REPORTED EARNINGS EPS of $3.81 beating expectations of $3.76 Revenue of $37.7B beating expectations of $37.6B https://t.co/IWEXh7xoUS
$HD Home Depot "Similar to the second quarter, we saw continued customer engagement with smaller projects, and experienced pressure in certain big-ticket, discretionary categories."
$HD | Home Depot Q3 Earnings: - GAAP EPS $3.81 (Est. $3.58) - Sales $37.71B (Est. $35.66B) - Comparable Sales -3.1% - Comparable Sales US -3.5% - Narrows Fiscal 2023 Outlook: Sales Growth (3%) - (4%) Y/Y, EPS Growth (9)% - (11)% Y/Y
Home Depot earnings top forecasts, but big project pullback keeps forecast in check https://t.co/9ED079VRCm
Home Depot earnings beat, but retailer offers a tepid outlook as sales slide https://t.co/cn7j7Sk0Fz
Home Depot $HD reports earnings tomorrow morning before the markets open, Wall ST is expecting numbers of EPS of $3.76 down 11.3% YoY Revenue of $37.63B down 3.2% YoY
Home Depot Kicks Off Retail Earnings. Wall Street Is Cautious. https://t.co/BI3hufLkmL
Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand https://t.co/Cw2Jy9YXEb https://t.co/CKhrkiFEpO
Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand https://t.co/3fXBwZR7gc https://t.co/RlQo8gCsFj
Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand https://t.co/5bF6D7TsrZ https://t.co/BPxcqoB5Me
Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom https://t.co/CiRl4sTXIA
Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom https://t.co/VuCcI6XrzK
Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom https://t.co/JodSGMLmli