Tuesday, May 21, 2019

Home Depot beats 1Q earnings expectations, misses on same-store sales

Yahoo Finance
Home Depot exceeded Wall Street’s estimates on the bottom-line in fiscal first-quarter results, but missed expectations for comparable same-store sales as unfavorable weather earlier this year dented demand for the retailer’s products.

Comparable same-store sales grew just 2.5% overall in the first quarter, versus the 4.3% expected. In the U.S., same-store sales rose 3%. The metric is closely watched by analysts and serves as a measure of efficiency for retail companies.. . . more