Home Depot Rides High On Improved Housing Market; Investors Encouraged By Results – Yahoo Finance

Unlike other retail chains such as Wal-Mart and Target, which suffered slower growth because of lacklustre wage gains, Home Depot is riding on a resurgence in housing. View gallery http://stocktwits.com/GreenStew/message/25885541?utm_source=yahoo&utm_medium=social&utm_campaign= Home Depot raised its full-year profit forecast to $4.52 per share from $4.42. The revised forecast includes the impact of a $3.5 billion share buyback plan. Same store sales rose 5.8%, as compared with analyst estimates of 4.4%. http://finance.yahoo.com/news/home-depot-rides-high-improved-144634598.html

Home Depot Rises As Growth In EPS, Revenue Speed Up – Yahoo Finance

comps up 6.4%. In Q1, when severe weather froze consumer demand, same-store sales grew just 2.6%, with the U.S. up 3.3%. July, at the tail end of Q2, enjoyed the biggest comp gain of the quarter with a 7.3% increase. Since delayed sales from bad Q1 weather would typically be expected to occur during the first two months of the quarter, July’s strength indicates the effectiveness of management’s execution with productivity per square foot, Piper Jaffray analyst Peter Keith told IBD. http://finance.yahoo.com/news/home-depot-rises-growth-eps-231100504.html


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