Content about Company Earnings Guidance

August 20, 2014

On Wednesday morning, it was Lowe's turn to deliver strong quarterly earnigns.

And the Mooresville, North Carolina-based retail giant did just that. The company reported net earnings of $1.04 billion for the quarter ended Aug. 1, marking a 10.4% increase over the second quarter last year. Sales for the quarter were up 5.7% to $16.6 billion, as comparable-store sales were up 4.4%.

"We were able to recover most of the outdoor product sales missed in the first quarter due to unfavorable weather conditions," said Robert Niblock, president and CEO.

August 19, 2014

Home Depot's net earnings crossed the $2 billion mark in the second quarter, as spring business for the world's largest home improvement retailer rebounded along with core departments.

Net earnings of $2.050 billion were up 14.2% from the same quarter last year. Net sales rose 5.7% to $23.811 billion. Comparable store sales were positive 5.8% -- and positive 6.4% for U.S. stores.

August 12, 2014

Valspar announced its third-quarter earnings on Tuesday, posting double-digit sales growth that warranted an increase in the company's fiscal 2014 sales growth guidance.

Net sales of $1.20 billion for the quarter represented a 10.5% year-over-year increase.

The company reported net income of $97.83 million, up from $93.81 in the same quarter last year.

August 4, 2014

Shares of Trex Company jumped on Monday following the release of an exceptionally strong second-quarter earnings report, results which the company attributed to pent-up demand and the success of its various initiatives.

Net sales increased 23% year-over-year to $121.3 million, compared to $98.6 million in 2013.

Net income for the three months ended June 30 was $15.2 million, up 62% from last year's earnings of $13.2 million. This takes into account a $9.1 million increase in income taxes after Trex exited its tax valuation allowance at the end of last year.

July 25, 2014

Stanley Black & Decker's second-quarter performance saw slow sales growth mixed with strong net earnings.

The company reported net sales of $2.9 billion for the three months ended June 28, up 1% compared to the same period last year. Net earnings attributable to common shareholders was $216.5 million, up from $187.1 million in the second quarter of 2013.

July 17, 2014

A more stable lumber market boosted the second-quarter performance of Universal Forest Products, even as the company was forced to pay higher duties for Chinese nails. 

Universal reported second-quarter net earnings of $21.8 million, up 38.1% over net earnings of $15.8 million for the second quarter of 2013. Net sales were $773 million, up 4.6% from $738 million in the same quarter last year.

May 21, 2014

Bad weather for retail dampened sales at Lowe's, but earnings surged well into the double digits for the first quarter, the company announced Wednesday morning.

Lowe's sales increased 2.4% in the first quarter, rising to $13.4 billion. Comparable-store sales increased 0.9%.

The Mooresville, North Carolina-based retail giant reported a net earnings surge of 15.6% to $624 million for the quarter ended May 2.

April 30, 2014

Lumber Liquidators blamed the unusually harsh winter for interruptions in its long purchase cycle during the first quarter of 2014, though sales still managed to increase 6.9% for the retailer.

Total sales came in at $246.3 million for the three months ended March 31, compared to $230.4 million last year. The company estimates that weather was to blame for an adverse impact on sales in as many as 135 of its 331 store loctaions, declining an average of 3.8%. In all other stores, sales increased 14.6%.

February 10, 2014

The Scotts Miracle-Gro Company released its fiscal first-quarter results, which were in line with the company's expectations but showed little year-over-year movement.

Net sales for the three months ended Dec. 28, 2013, were $196.4 million, down 5% compared with the same quarter last year. The company attributed the decline to the timing of pre-season shipments to retailers.

Net income marked a 2% improvement, though the company has been operating at a loss. Income for the quarter was a loss of $103.4 million, a slight improvement over last year's loss of $105.1 million.

February 6, 2014

Scotts Miracle-Gro reported an adjusted loss from continuing operations for its first quarter of $65.4 million, which is an improvement of $3.1 million, compared with an adjusted loss of $68.5 million last year. 

Net sales in the three months ended Dec. 28, 2013, totaled $196.4 million, down 5% from $205.8 million during the same quarter a year ago. The company pointed to the timing of pre-season shipments to retailers for the decline.

December 13, 2013

Fitch Ratings has released a report titled "2014 Outlook: U.S.

November 19, 2013

The Home Depot reported sales of $19.5 billion for the third quarter of fiscal 2013, a 7.4% increase from $18.1 billion in the third quarter of fiscal 2012.

On a like-for-like basis (last year's quarter had an extra calendar week), comparable-store sales for the third quarter of fiscal 2013 were positive 7.4%, and comp sales for U.S. stores were positive 8.2%. 

November 15, 2013

Shortseller Gotham City Research claimed Thursday that Tile Shop Holdings had exaggerated its earnings in its most recent financial report.

August 21, 2013

Mooresville, N.C.-based Lowe's Cos. reported second-quarter sales of $15.7 billion, up 10.3% from $14.2 billion in the same quarter last year.

Comp-store sales for the world's second-largest home improvement retailer were up 9.6%, as net earnings jumped 16.2% to $1.48 billion.

August 20, 2013

A rebound in seasonal categories helped The Home Depot post double-digit comp-store sales in the second quarter as it exceeded its own expectations.

Net sales at the world's largest home improvement retailer increased 9.5% to $22.5 billion in the quarter ended Aug. 4, compared with $20.6 billion in the same quarter last year. Comp-store sales increased 10.7% across the company, and increased 11.4% among domestic stores.

Net earnings for the quarter were $1.80 billion, up 17.2% from $1.53 billion in last year's 14-week second quarter.

August 13, 2013

Amid strong performance in the U.S. and challenges on the demand side of the general industrial market, The Valspar Corporation reported third quarter growth of 1% in net sales and 5.5% in net income.

Net sales for the company came in at $1.1 billion for the third quarter. Meanwhile, Paints sales increased 3% to $455 million, while Coatings experienced a 1% bump in sales to $573 million.

Adjusted net income came in at $96 million, compared to year-ago figures of $91 million.

August 6, 2013

Trex Company's second-quarter results showed strong growth in sales and earnings, up 4.5% in sale and up 57% increase in earnings per share. 

May 21, 2013

Atlanta-based The Home Depot reported first-quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

On a like-for-like basis, comparable-store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

February 26, 2013

The world’s largest home improvement retailer posted fourth-quarter earnings in excess of $1 billion.

February 22, 2013

Walmart overcame a meager 1% same-stores sales increase at U.S. stores to deliver better-than-expected fourth-quarter profits.

February 7, 2013

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago.

January 10, 2013

BlueLinx Holdings has reported preliminary results for its fourth fiscal quarter, with expected revenues at approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011.

January 8, 2013

Hoffman Estates, Ill.-based Sears Holdings Corp. announced Monday that Louis J. D'Ambrosio will step down as CEO for family health matters at the end of the company's fiscal year on Feb. 2. Edward S. Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as chairman of the board of directors. 

December 6, 2012

Bloomington, Minn.-based The Toro Co. reported net earnings of $129.5 million for the full year ended Oct. 31, up from earnings of $117.7 million in 2011. 

Net sales increased 4% to $1.96 billion for its fiscal year. 

For the fourth quarter, Toro reported net earnings of $0.3 million, down from $5 million in the fourth quarter of 2011. Net sales decreased 7.8% to $339.3 million in the quarter. 

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