Ted Decker, The Home Depot president and CEO, joins CNBC's 'Squawk Box' after reporting quarterly results.
Ted Decker, The Home Depot president and CEO, on the progress made to lower inflation.
Home Depot's major acquisition is boosting the business as home improvement demand remains slow. The retailer announced it was acquiring SRS Distribution, a company that sells supplies to roofing, pool and landscaping professionals, for $18.25 billion in March and closed the deal in June.
Recently, we heard from home improvement giant Home Depot, whose results can provide us a nice read-through of what to expect from a close peer, Lowe's, in its upcoming quarterly release.
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Home Depot Inc.'s third-quarter results this week gave a glimpse into the looming issue of tariffs for major U.S. retailers.
Home Depot Inc HD released its third-quarter earnings report Tuesday, posting revenue and EPS beats, aided by recent bouts of extreme weather. Analysts are still bullish on the Atlanta, Georgia-based company.
I reiterate a 'Buy' rating for Home Depot with a fair value of $450 per share, citing effective cost management and improved sales. Home Depot's Q3 saw a 1.3% decline in same-store sales, but hurricane-related demand contributed positively, adding $200 million in sales. The company is guiding for 4% revenue growth in FY24, with a 2.5% decline in same-store sales and 12 new store openings.
Home Depot said retail theft continues to be a challenge. CFO Richard McPhail said the operating environment is "getting harder and harder.
Michael Landsberg, Landsberg Bennett Private Wealth CIO, joins CNBC's 'Power Lunch' to discuss outlooks on three stocks: Home Depot, Honeywell, and Tyson Foods.