. The largest U.S. home improvement chain has also worked on its supply network to shorten delivery times and the search function of its website to make in-demand products more easily accessible.
“We are largely on track with these investments and have seen positive results, but some of the benefits anticipated for fiscal 2019 will take longer to realize than our initial assumptions,” Chief Executive Officer Craig Menear said.Same-store sales at Home Depot rose 3.6 per cent in the third quarter ended Nov. 3, below expectations of a 4.7 per cent increase, according to IBES data from Refinitiv.
Home Depot said it expected its fiscal 2019 sales to rise about 1.8 per cent, compared to a prior forecast of a 2.3 per cent increase. The company also cut its full year same-store sales forecast. Home Depot’s weak results also pulled shares of smaller rival Lowe’s down nearly 3 per cent in premarket trading.
Net income fell to $2.77 billion or $2.53 per share in the third quarter from $2.87 billion, or $2.51 per share. Analysts were expecting earnings of $2.52 per share.
Source: News Formal (newsformal.com)
globebusiness Or the 'they donate to Trump' thing has caught on.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil beats Mexico to win U17 World Cup at home - TSN.caBrazil rallied to beat Mexico 2-1 on Sunday to win its fourth under-17 World Cup title. Bryan González opened the scoring for Mexico in the 66th minute at the Bezerrão stadium in Brasilia, but the hosts turned their fortunes with Kaio Jorge converting from the spot in the 84th and substitute Lázaro scoring in added time.
Source: TSN_Sports - 🏆 80. / 51 Read more »
'Difficult, complicated and stressful' - Nedomansky recalls his decision to leave homeVaclav Nedomansky was a pioneering hockey player who was the first to defect from his Eastern European home of Czechoslovakia to play professionally in North America. He recalls that decision during his induction speech into the Hockey Hall of Fame.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Footage shows Russians taking over northern Syria base once home to American troopsAs Russian troops entered the compound, footage showed sunburn cream, gym equipment and other items the Americans left behind
Source: VancouverSun - 🏆 49. / 61 Read more »
Actress Katie Holmes recently listed her California home. Here’s a look insideWith six bedrooms, three fireplaces, half a basketball court and its fair share of lounge areas, the Calabasas home lives up to its price tag Holmes on home? You missed a good headline opportunity there. Did Tom buy that for her?
Source: nationalpost - 🏆 10. / 80 Read more »
‘Best of the party is over’: Volkswagen cuts forecasts as auto industry faces slowing demandVolkswagen joins a string of automakers and suppliers including Ford and Continental in warning of tough times for an industry facing higher investments into cleaner and self-driving technologies globebusiness car sales slowing down ?...all products have a life cycle...it has been written, גם זה יעבור this to shall pass
Source: globeandmail - 🏆 5. / 92 Read more »