Earnings

Home Depot Surpasses 4th-Quarter Earnings and Revenue Projections

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

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

Heineken Pulls Payout, Kering’s Gucci Sales Slump: Earnings Wrap

(Bloomberg) — Consumer-goods companies from brewers to paint-makers sounded notes of caution on spending as the fallout in confidence from the coronavirus pandemic spreads even as lockdowns are lifted.

Heineken NV canceled its interim dividend and said its board will take a pay cut to mitigate the impact, while Kering said it doesn’t see a recovery in the U.S. or Europe before at least June or July after sales at its flagship brand Gucci tumbled. The shares fell nearly 7%. Akzo Nobel NV’s stock rose after earnings topped expectations, but the company said shoppers will need to “have money in their pocket” before shelling out for decorative paints.

In one of the only industries cushioned from the virus, Roche Holding AG advanced after the drugmaker said it still sees a small profit gain this year as demand for its medicines holds up and the company works on developing tests for

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