Home Depot shares rise after earnings top estimates, backs 2020 business outlook

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Home Depot earnings are coming before the bell. Here's what the Street expects

Home Depot's shares have been trading near an all-time high, buoyed by a strong U.S. economy and a housing market with appreciating home values. But it's been under pressure as it spends billions of dollars to integrate its brick-and-mortar stores and its online business. It announced in 2017 that it would invest about $11 billion over three years as part of its "One Home Depot" program.

Home Depot's investments have fueled changes, such as improving signage to make its big-box stores easier to navigate, revamping its supply chain to speed up deliveries and adding lockers in stores for pickup of online purchases. "We are perhaps a bit ambitious with regards to the speed with which these benefits will be seen in 2019," he said at the conference.to hear if Home Depot and its supply chain will be hurt by the coronavirus outbreak. About 70% of the company's products are sourced from the U.S., but 30% come from other parts of the world — with much of that coming from China, according to company spokeswoman Sara Gorman.

 

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