Tuesday, May 15, 2018

Home Depot’s Sales Chilled by Long Winter With a Thaw Seen Ahead

Bloomberg
The long and brutal winter didn’t just ruin your al fresco spring plans -- it also drove Home Depot Inc. to miss sales estimates at the start of what’s traditionally its biggest selling season.

But as temperatures heat up, revenue may too for the world’s largest home-improvement retailer, which is already seeing same-store sales in the double digits this month after missing analysts’ first-quarter predictions, according to Chief Financial Officer Carol Tome. . . . more