Home improvement Titan Home Depot (NYSE: HD) published the results of the first quarter results this week showed that the amount of force your business is that many national retailers. Sales, earnings and all spikes higher returns, trouncing expectations for the fifth consecutive quarter, and provides a strong contrast to the recent results of the fight chains like Macy's and Nordstrom.
This is how the big picture against results for the previous year:
| metric | Q1 2016 Actuals | Q1 2015 Actuals | Growth (ia) |
|---|---|---|---|
revenue | $ 22800000000000 | $ 21000000000 | 9% |
Net income | $ 1800000000000 | $ 1600000000000 | 14% |
EPS | $ 1.45 | $ 1.22 | 19% |
Ia = year. Source: Financial Reports Home Depot.
What has happened in this quarter?
Sales of existing US sites were higher by 7.4% - over a jump of 7.1% in the period last year, surpassing the expectations of management. However, Macy decreased Q1 Comps by 6% and Nordstrom fell 2%. Home Depot is faster than these retailers, thanks in part to a stronger business e-commerce.
Other highlights of the quarter:
- Customer traffic increased by 4% and the average spending per transaction increased by 2% to 60 $ put together, these positive trends have a higher sales by 7% (a slight slowdown foot jump per square 8 pushed% in Q4).
- The gross margin remained stable at 34% of turnover, but slow growth of spending was a 19% increase in operating profit. The operating margin increased to 14% of sales from 12% a year ago.
- Despite higher interest expense on the debt balance increasingly consolidated earnings increased by 14%, pushing the net margin of 7.9% of the turnover of 7, 5%.
- The administrative reimbursement of outstanding shares the number of shares has decreased 4%, which contributed to 19% of the tips Retail earnings per share.
What he had to say Management
Home Depot has exceeded for Q1 target frame. "We are very pleased with our start more than expected in the year," CEO Craig said wobble in a press release. As he did in the previous quarter, Waggle said the increase in sales occurred in all divisions of the company for home improvement.
Improved compositions market was deafening "driven by strong execution and broad-based growth in the business," Waggle said. "This was possible thanks to the dedication of our employees hard work and I caused by every week peak demand due to climatic changes marked our customers continues in a quarter."
eager
A steady long-term recovery in the housing market gives the company confidence that it can maintain this strong momentum. In fact, Home Depot raised its forecast for sales growth to 4.9%, compared with a slight increase of 4.1% that was projected in late February. It would be an impressive result, especially coming two years of 5% over Comps be.
Home Depot raised its profit forecast as well, and sees profits up 15% to $ 6.27 per share - against prospects ago $ 6.15 per share. The good news for income investors is that because the retailer wants to provide 50% of profits in dividends available, you can choose a larger distribution expects double-digit growth next year. Home Depot has its dividend by 17% higher this year, from 26% in 2015 and 21% in the year, 2014.
The operating margin (High Definition TTM) of YCharts.
In the long term, the company is on track, the target yield to achieve on capital employed of 35% at the end of 2018, while at the same time pushes deeper into the double-digit its operating margin. This improved efficiency figures the gap between Home Depot and many other retailers, including specialist home improvement rival Lowe.
A secret occasion billion available
Forgot the largest technology company in the world to show something, but keep some Wall Street analysts and Loco step: It is a small company that is driving your new equipment and next revolution in technology. And we believe that the share price almost unlimited space has the investors to run in the early-the-know! To one of them, just click here.
No comments:
Post a Comment