A strong housing market helped Home Depot post solid results in the holiday shopping quarter
) benefited from a solid U.S. housing market and higher job growth that led consumers to spend more at its stores in the holiday shopping quarter, helping the home improvement chain beat sales and profit estimates.
The U.S. housing market has gained from the lowest mortgage rates in more than three years after the Federal Reserve lowered borrowing costs thrice in 2019. “Our fourth quarter results reflect strength in our core business, solid execution around our holiday events and the overall health of the consumer,” said Home Depot Chief Executive Officer Craig Menear.
The strong rise in sales also indicates that investments in the marriage of Home Depot’s online and brick-and-mortar businesses is staring to pay off, boding well for this fiscal year, Jefferies analysts wrote.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Jodie Turner-Smith Sings Dawson’s Creek Theme Song Alongside Joshua Jackson in Home DepotJoshua Jackson starred in Dawson's Creek as Pacey Witter from 1998 to 2003
Les mer »
Home Depot shares rise after earnings top estimates, backs 2020 business outlookHome Depot's earnings report will shed light on whether its significant investments in the company are paying off.
Les mer »
Stocks making the biggest moves midday: Home Depot, Moderna, Mastercard, Shake Shack and moreThese are the stocks posting the largest moves in midday trading.
Les mer »
Fans spot this interesting detail about the Stern family home in The Split series 2The drama is gripping television, and one aspect of the show has got viewers talking…
Les mer »
NASCAR’s Dale Earnhardt Jr. Lists His Historic Key West Home For $3.7M — See Inside!The retired racing star is saying goodbye to his five-bedroom, three-and-a-half-bathroom property
Les mer »
Chinese consumers snap up yoga mats, video games, condoms as coronavirus keeps them at homeAs the coronavirus epidemic keeps hundreds of millions of Chinese stuck at home,...
Les mer »