The Home Depot, Inc. (HD)
Home Depot Q2: Efforts To Navigate Weak Demand Environment
Home Depot reported a 3.3% decline in same-store sales growth in Q2 due to weak demand and high interest rates. The company is navigating the challenging macro environment by expanding online services, focusing on PRO customers, and acquiring SRS Distribution. Despite the weak outlook for FY24, Home Depot is expected to recover as interest rates decline, with a fair value of $390 per share.
Home Depot stock: Why analysts are bullish despite Q2 guidance and what's next for investors
Home Depot Inc (NYSE: HD) has recently reported its Q2 earnings, and while its guidance may appear cautious, it is consistent with market expectations. Michael Baker, a senior retail analyst at D.A.
Home Depot (HD) Q2 Earnings & Sales Beat, Soft View Hurts Stock
Home Depot's (HD) Q2 results reflect the impacts of higher interest rates and greater macroeconomic uncertainty, which hurt the demand for home improvement projects.
Home Depot may need an interest rate cut to boost its sales
On a call with CNBC, Home Depot CFO Richard McPhail said consumers are waiting for a Federal Reserve interest rate cut and expect one to come soon. The home improvement retailer has been hurt by higher interest rates, which have slowed housing turnover and demand for bigger projects.
The Home Depot, Inc. (HD) Q2 2024 Earnings Call Transcript
The Home Depot, Inc. (NYSE:HD ) Q2 2024 Results Conference Call August 13, 2024 9:00 AM ET Company Participants Isabel Janci - Vice President of Investor Relations and Treasurer Ted Decker - Chair, President and CEO Ann-Marie Campbell - Senior Executive Vice President Billy Bastek - Executive Vice President, Merchandising Richard McPhail - Executive Vice President and Chief Financial Officer Chip Devine - Senior Vice President-Outside Sales Conference Call Participants Scot Ciccarelli - Truist Seth Sigman - Barclays Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Brian Nagel - Oppenheimer Zach Fadem - Wells Fargo Steven Forbes - Guggenheim Operator Greetings, and welcome to The Home Depot Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
S&P 500 Gains 1%; Home Depot Earnings Top Views
U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Tuesday.
Home Depot Looks for B2B Buffer Against Softening Consumer Spend
Home Depot currently gets around half of its sales from professional builders and contractors. According to the company's executives on Tuesday's (Aug.
Home Depot's Patient Investors Wait Out High Rates
Beaten down by high interest rates, home-improvement demand has been sluggish for some time. But investors in Home Depot HD 1.06%increase; green up pointing triangle are playing the long game.
Home Depot Q2 sales and profits beat estimates but warns of lower full-year sales
Home Depot Inc (NYSE:HD, ETR:HDI) saw weaker consumer spending on home improvement during the second quarter but still managed to deliver sales and profits above Wall Street estimates. Sales for Q2 were $43.2 billion, up 0.6% from the year-ago quarter and ahead of estimates of $42.6 billion.
Pay Attention: Inflation Headline Is Misleading, Home Depot Earnings Show Consumer Weakness
To gain an edge, this is what you need to know today.
Home Depot Q2: Margin Pressure In Focus
HD stock Q2 results beat estimates, but the weak retail environment and margin pressure are concerning. The company lowered its guidance on gross and operating margins. I expect the margin to keep being squeezed from both ends with higher operating expenses and weakened demand in the next 1~2 years.
HD Stock Alert: Why Home Depot Is Making Headlines Today
Home Depot (NYSE: HD ) stock is a little volatile but mostly flat this morning after the company reported stronger-than-expected second-quarter financial results but reduced its full-year sales and profit guidance. The retailer noted that its performance was negatively impacted by “higher interest rates and greater macroeconomic uncertainty.
