Home Depot reported Q2 earnings results this week, and the company is back on track, to put it mildly. After a disappointing first quarter (though not nearly as disappointing as rival Lowe’s), the Home Depot beat Wall Street expectations while realizing record quarterly revenue of $30.5 billion and seeing an 8.0% rise in comparable store sales. Team orange is feeling so good about the results that it boosted its guidance for the year – comp sales are now expected to finish up 5.3% with revenue up 7.0%.
Next week, we’ll see whether Lowe’s rallied in Q2 when it releases earnings on Wednesday.
October 28, 2019
Personnel Updates • Ace Hardware Corp. (55) appointed Kirk Armstrong to the position of VP of Distribution and Supply Chainhttps://www.chainstoreguide.com.
September 24, 2019
Personnel Updates • Keim Lumber Co. (8) announced it has named Jim Smucker as the company’s new President. • McCoy’s Building Supplyhttps://www.chainstoreguide.com.
August 27, 2019
Personnel Updates • Hamilton Building Supply Co. Inc. (6) announced that John Perna has returned to the company and ishttps://www.chainstoreguide.com.
