, the company posted $35.72 billion in sales and net income of $3.35 billion, or $3.21 per share. At the time, the company was still benefiting from a lot of Covid-era demand where stuck-at-home consumers used their discretionary dollars to spruce up their homes and professionals spent their time renovating flip jobs.
These days, shoppers are using their discretionary dollars towards experiences and travel as many burn through their savings amidHowever, with record-high interest rates keeping many people from buying new homes, some consumers may look to renovate the houses they're currently in instead of moving, which could prove beneficial for the retailer.
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Terrible report $spy
Earnings fell below what was expected.
Home department?
Tell your intern it’s Depot.
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La source: FoxBusiness - 🏆 458. / 53 Lire la suite »
Here are the US cities where home prices are actually falling | CNN BusinessSan Jose, California, was the most expensive place to purchase a home in the United States in the fourth quarter. But that median price of $1,577,500 is actually down 5.8% from a year ago. 1.5 mill in Florida gets you an Awesome Home and no state taxes. But we have an many Insurrectionists living here and a KKK Grand Wizard for Governor. It's definitely a seller's market. Unfortunately, the housing market is pricing most people out of being able to purchase a house. Renting a house or even an apartment these days is insanely expensive as well. Homelessness is going to sky rocket if it hasn't already. Not good. Because everybody is moving to Texas and Florida! Where states are actually ran by sensible people.
La source: CNN - 🏆 4. / 95 Lire la suite »