This is a week for retailers. I will take a closer look at Home Depot on Tuesday. Their business tells us a lot about the activity in the market. The fact is that Home Depot is at its highest level ever! The stock has gone straight up since the financial crisis.
The numbers from the retailers indicate that consumers are spending money some places and a more lackluster sluggish consumer spending other places, but one is for sure; Americans love to fix their own houses.
Home Depot Inc is the largest home-improvement retailer in America, and the company is set to report earnings on Tuesday 16th, before the market opens for trading.
The broader recovery in the housing market since the financial crisis have helped Home Depot`s recent jump. So have the consumers improving experience. On top of that you can add an extremely low-interest rate.
Other things that have helped Home Depot is the unemployment rate which is down below 5%. It seems like the consumers are earning money and spend a lot of money on their own homes. They buy properties because the housing prices are high.
Sales growth last quarter topped 21% from online sales. That is helped from the company`s focus on innovation which include Milwaukee Pneumatic Framing Nailer, the 20-volt Max Brushless Finish Nailer, and the Pergo Outlast Plus Laminate Flooring.
Home Depot`s Gold Medal Employees is interesting. Since 1992, Home depot has employed 570 Olympic hopefuls in its Olympic Job Opportunity Program. The program provided athletes with benefits and flexibility for training and competition, and the program was discontinued in 2009.
The Estimize consensus is looking for earnings of $1,98 per share on $26,49 billion in revenue. Compared to a year earlier, earnings are expected to increase by 15% with revenue increasing 7%.
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