New York-based Home & Textiles Today is reporting that with
demand from building contractors rising and consumers beginning to step up
investment in their homes, Home Depot said it expects the pace of same-store
sales to accelerate in the second half of 2014.
The newspaper of the home textiles industry says that the Atlanta,
Georgia-based home improvement retailer’s second quarter net income jumped
16.7% to $2.1 billion, or $1.52 per share for the quarter that ended on August
3, 2014. Sales rose 5.7% to $23.8 billion. Consolidated comps climbed 5.8%,
with same-store sales for the U.S. operation up 6.4%.
"In the second quarter, our spring seasonal business
rebounded, and we saw strong performance in the core of the store and across
all of our geographies," said Home Depot Chairman and CEO Frank Blake.
Forbes Magazine reported on the Home Depot outlook as less a
sign of good things ahead in the housing market than it was a sign that the
company is just operating well.
“This strong performance gives us further confidence that
Home Depot can handle a slower paced housing market recovery on strong
execution,” said Citi analyst Kate McShane.
GET,LLC has worked on a number of federal projects with the
home improvement retailer this year. A
strong outlook is welcome news for stockholders and expect the end of the year
to get better for them.
To learn more about the other products and services that GET,
LLC provides, please check out our website at www.get-guam.com or call us at
671-483-0789 to discuss solutions for your important construction needs-All
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