Home Depot sales beat on recovery in housing market

February 23, 2016 11:16 AM

7 0

Home Depot sales beat on recovery in housing market

The earnings report is no doubt a reflection of a stronger domestic market, but Home Depot also executed well during a season in which temperatures remained persistently warm before shifting suddenly to snowy, wintery weather, said Brian Nagel, senior equity research analyst at Oppenheimer & Co.

"The key with Home Depot is that they kept warm weather product in the stores longer, and then as the weather shifted, they got the snow shovels, ice melt, generators, whatever else in their stores quickly, so they were really able to take advantage of what was for a while an odd weather environment...

Also read: MOVES-StormHarbour launches loan franchise with Paul Martin hire

Read more

To category page

Loading...