Home Improvement News

Home Depot Surpasses 4th-Quarter Earnings and Revenue Projections

By Jean J. Brown 2 weeks ago

Home Depot Inc. (NYSE:HD) released its fourth-quarter results before the opening bell on Feb. 25. The company recorded earnings and revenue that beat analysts’ expectations, attributing the strong results to a robust holiday season as well as strong sales of appliances.

By the numbers

The world’s largest home improvement retailer reported earnings per share of $2.28, which topped estimates of $2.10. Revenue of $25.28 billion beat expectations of $25.26 billion, but fell 2.7% on a year-over-year basis.

Same store sales surged 5.2% during the quarter versus the anticipated growth of 4.8%. The quarterly comps growth was aided by a 4% increase in the average shopper’s ticket price. U.S. comps were up 5.3%.

Reflecting on the company’s performance, Chairman and CEO Craig Menear said:

“Fiscal 2019 was a record year for our business and one marked by significant progress as we invest to transform ourselves into The Home Depot of the

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Coronavirus causes Lowe’s sales of unexpected items to spike

By Jean J. Brown 2 weeks ago

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While the coronavirus pandemic has millions of Americans confined to their homes, home improvement company Lowe’s is seeing a sales boom.

“Now that people are spending more time at home, things are becoming more evident that they need to replace, fix and repair,” Lowe’s CEO and president Marvin Ellison told FOX Business’ Liz Claman on Tuesday. “And we just want to be here for the consumer right now.”

During the exclusive interview on “The Claman Countdown,” Ellison listed a few home-improvement projects people seem to be taking on during their lockdowns.

“[People are] replacing refrigerators that break because people are desperately trying to keep food and medicines from spoiling,” Ellison noted. “We’re selling freezers for people who are buying big food items in bulk that they’ve never done before.”

COMPANIES JOIN CORONAVIRUS

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Homeowners Say This Is the Best Paint for Your House

By Jean J. Brown 2 weeks ago

Whether you plan to paint your home’s interior or exterior, Sherwin-Williams might be your best choice, according to a recent study.

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The brand took top honors in both the interior and exterior categories of J.D. Power’s 2020 Paint Satisfaction Study. In fact, Sherwin-Williams swept all categories in the study, including best exterior stain and best paint retailer.

In compiling its rankings, J.D. Power surveyed 5,631 customers who bought and used interior paint, exterior paint and/or exterior stain in the prior 12 months.

The top three finishers in were identical for both the interior and exterior paint categories. They were:

  1. Sherwin-Williams
  2. Benjamin Moore
  3. BEHR

Related: 7 Ways to Shop at Costco Without a Membership

The top three finishers in the exterior stain category were:

  1. Sherwin-Williams
  2. Rust-Oleum
  3. BEHR

Customers ranked Sherwin-Williams No. 1 among paint

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Edited Transcript of LFGR earnings conference call or presentation 11-May-20 9:00pm GMT

By Jean J. Brown 3 weeks ago

SANTA MONICA May 12, 2020 (Thomson StreetEvents) — Edited Transcript of Leaf Group Ltd earnings conference call or presentation Monday, May 11, 2020 at 9:00:00pm GMT

Leaf Group Ltd. – CFO

* Sean P. Moriarty

Leaf Group Ltd. – CEO & Director

Leaf Group Ltd. – IR Contact

Good afternoon. My name is Chantel, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Leaf Group’s First Quarter 2020 Earnings Call. On the call with me today is Sean Moriarty, CEO; Jantoon Reigersman, CFO; and Shawn Milne, Investor Relations.

Shawn Milne, you may begin your conference.

Shawn Christopher Milne, Leaf Group Ltd. – IR Contact [2]

Good afternoon, everyone. On behalf of Leaf Group, welcome to our conference call. I’m pleased to have Sean Moriarty, our Chief Executive Officer; and Jantoon Reigersman, our Chief Financial Officer, on the call with me today.… Read More