Tue, Aug. 18, 9:59 AM
- Key metrics improved at Home Depot (HD +2%) in Q2 as the chain continues to outperform the broad retail sector at scale.
- Transactions rose 2.6% during Q2, while the average ticket was up 1.7%. By comparison, Wal-Mart saw an U.S. traffic gain of 1.3% and its average ticket was up 0.2%.
- Sales per square foot at HD stores increased 4.1% Y/Y to $420.37.
- The company's expectation of same-store sales growth of 4.1%-4.9% for the full year also easily tops the pace expected by most major retail chains.
- Home Depot set a new all-time high of $123.00 in early trading.
- Previously: Home Depot EPS in-line, beats on revenue (Aug. 18 2015)
- Previously: More on Home Depot's Q2 (Aug. 18 2015)
Tue, Aug. 18, 6:50 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 4.2% in Q2.
- U.S. comp was 5.7% for the quarter.
- Gross margin rate grew 10 bps to 33.7%.
- SG&A expense rate decreased 10 bps to 17.3% during the period.
- Operating margin rate increased 20 bps to 14.7%.
- Merchandise inventory +1.7% to $11.86B.
- Number of customer transactions increased 2.6% to 420.4M.
- FY2015 Guidance: Sales growth: ~+5.2% to +6%; Comparable-store sales: ~+4.1% to +4.9%; Diluted EPS: $5.31 to $5.36.
Tue, May 19, 6:40 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 6.1% in Q1.
- The comp delivered in the U.S. was 7.1% for the quarter.
- Gross margin rate remained constant at 34.3%.
- SG&A expenses increased 2.36% to $4.16B during the period.
- Operating margin rate improved 86 bps to 12.43%.
- Merchandise inventory -0.30% to $12.31B.
- FY2015 Guidance: Sales growth: ~+4.2% to +4.8%; Comparable-store sales: ~+4.0% to +4.6%; Diluted EPS: $5.24 to $5.27.
- HD -1.16% premarket.
Fri, May 1, 9:30 AM
- Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
- Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
- 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
- Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
- Note: LOW puts were 20x more active than usual yesterday
- Got a news tip or analyst note you'd like to see us cover? Send it to email@example.com.
Tue, Feb. 24, 7:55 AM
- Analysts are finding a lot to like from Home Depot's (NYSE:HD) Q4 report and 2015 guidance.
- The home improvement retailer's sizzling 7.9% comp during the quarter flew past the consensus analyst mark of 5.4%.
- The company also ended with a clean inventory position amid a solid pricing trend.
- Traffic was up over 5% Y/Y in a sign that bodes well heading into the spring season.
- Home Depot (HD) is up 3.77% premarket to $116.50, while Lowe's (NYSE:LOW) is showing a nice 1.99% gain off the solid report from its peer.
- Previously: Home Depot beats by $0.11, beats on revenue
- Previously: More on Home Depot's Q4
Tue, Feb. 24, 7:09 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 7.9% during Q4 and 5.3% for the year.
- The comp delivered in the U.S. was 8.9% for the quarter & 6.1% for the fiscal year.
- Total operating expenses increased 2.3% to $4.532B during the period, led by a 2.5% rise in SG&A expenses.
- Operating margin rate improved 148 bps to 11.43%.
- Merchandise inventory +0.20% to $11.08B.
- FY2015 Guidance: Sales growth: ~+3.5% to +4.7%; Comparable-store sales: ~+3.3% to +4.5%; Gross margin: flat; operating margin: +60 bps; Tax rate: ~37%; Diluted EPS: $5.11 to $5.17; Share repurchase: ~4.5B; Capex: ~$1.6B; D&A: ~$1.8B; Cash flow from operations: ~$9.0B; New stores: 6.
- HD +3.09% premarket.
Nov. 25, 2014, 1:25 PM
Oct. 14, 2014, 10:17 AM
Sep. 9, 2014, 1:57 AM
- Home Depot (NYSE:HD) has confirmed that its payment systems were breached at nearly 2,200 U.S. and Canadian stores due to a cyberattack that likely began in April.
- The breach seems to have been been caused by similar malware used against Target last winter, and the company is now working aggressively to root out its infected data systems.
- Home Depot says there are no indications that PIN numbers from debit cards were compromised.
- HD -0.6% AH
Sep. 4, 2014, 3:40 PM
- UBS runs the numbers on recent data breaches at major retailers such as Target, Michaels Companies, and Sally Beauty Holdings to find share prices in the group lagged the S&P over the two months following the breach disclosure.
- The hit to the companies' sales was generally short-lived, with comp sales picking up in the quarter following the news.
- The damage at Home Depot (HD +1.1%) could be even more minimal with the breach following closely behind Target's own data troubles, reasons UBS.
- Shares of HD are about 3.6% off the all-time highs they etched out last week.
Sep. 2, 2014, 3:48 PM
- Home Depot (HD -2.4%) confirms it's looking into "unusual activity" as it works with law enforcement officials in relation to a possible loss of customer credit card and debit card information.
- Early reports indicate the breach occurred in late April and could involve over 2K Home Depot stores.
- Shares of Home Depot have recouped a bit from their initial slide after the breach report broke. Some retail analysts called the peeling off of $3.5B in market cap somewhat overdone.
- What to watch: If the breach is as large as some banks are reporting, an increased push by the industry toward the adoption of smart card technology could be on the way.
- Related EMV stocks: PAY, NCR, MA, V, OTCQX:IFNNY, NXPI,
Aug. 19, 2014, 7:19 AM| Aug. 19, 2014, 7:19 AM | 1 Comment
Aug. 19, 2014, 6:55 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 5.8% in Q2. Comp growth in the U.S. was 6.4%.
- Transactions +4.2% to $409.7M.
- Average ticket +1.8% to $58.43.
- Sales per square foot +5.5% to $403.90.
- Inventory +5.2% to $11.665B.
- Guidance: Net sales are expected to rise 4.8% for the fiscal year. Full-year EPS of $4.52 is forecast vs. $4.41 consensus.
- HD +3.5% premarket
May 20, 2014, 10:58 AM
- Shares of Home Depot (HD +2.6%) recover from a premarket dip sparked by a miss with Q1 earnings.
- Execs with the company stood their ground on the firm's conference call, saying sales lost in Q1 due to weather will be made up in Q2.
- May sales have been strong month-to-date, tips management.
- Home Depot earnings call webcast
May 20, 2014, 6:58 AM
- Home Depot (HD) reports comparable-store sales rose 2.6% in Q1, paced by a 3.3% comp in the U.S.
- The company processed 344.5M transactions during the quarter, up 2.2% from a year ago. The average ticket rose 0.6% to $57.59.
- EPS guidance for Q2 is raised to $4.42, inclusive of a $0.04 benefit from the sales of HD Supply stock.
- Despite the earning miss, execs with Home Depot cite late quarter strength which rolled into Q2.
- HD -2.0% premarket
Apr. 21, 2014, 8:53 AM| Apr. 21, 2014, 8:53 AM | 2 Comments
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