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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JoeBiden Democrats are working to restore voting protections and ensure every American can exercise the right to vote LeaderHoyer

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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines