He covers Palm Beach County government and transportation. Mike Diamond is a journalist at The Palm Beach Post, part of the USA TODAY Florida Network. United Rentals provides 3300+ equipment and tool classes for industrial & construction sites across the United States and Canada. The property's current assessment of $15.1 million is likely to increase. Once the facility opens, it would be the county’s 14 th Home Depot. Home Depot will work with the footprint of the Sam’s Club warehouse, a 135,268-square-foot building. "It will also be good for people in the area as it is a bit of a hike to the closest Home Depot store," said Lythgoe. on Thursday.Site of new The Home Depot just east of I-95 on the south side of Hypoluxo Road in unincorporated Palm Beach County, Fla., on July 25, 2023.Įvelyn Fornes, senior manager for public affairs, said she expects the store to open by the end of August and is expected to employ about 200 workers. Mission Statement To create a proactive partnership with the citizen of Quincy that best serves the needs of the community and to attain a high quality of. will release results on Wednesday, followed by industry benchmark Walmart Inc. big-box retailers to report first-quarter earnings. Home Depot is the first of the major U.S. Address: 465 Centre Street, Quincy, MA 02169 Store Number: 2608 Website: Phone Numbers. The comparable-sales decline of 4.5 per cent was much worse than the 1.4 per cent drop analysts had expected.Īnalysts largely see Home Depot as resilient in the long term due to still-high home prices and ongoing remodeling activity as many continue to work from home.Ī separate report Tuesday showed that sales at building-materials retailers rose 0.5 per cent between March and April, but were down 3.7 per cent from a year ago, according to data from the U.S. Home Services Rental Center Garden Center Home Depot Quincy II, MA Location. Net income declined to US$3.9 billion from US$4.2 billion during the same period in fiscal 2022. He also noted that home-improvement projects are getting smaller.Įarnings per share, at US$3.82 in the first quarter, could now slip as much as 13 per cent this year, compared with a previous estimate of a mid-single-digit percentage drop, the company said. This is at least an indirect result of tighter monetary policy and tighter borrowing conditions.”Ĭategories including mill work, building materials, hardware and plumbing have remained strong, while big-ticket discretionary products like grills and patio sets are softer than expected, McPhail said. “What we’re seeing now is a more broad-based pullback on the part of the consumer with respect to discretionary spend. “We grew almost 43 per cent over the last three years and we knew that 2023 was going to be a year of moderation as we digested those gains,” Home Depot Chief Financial Officer Richard McPhail said in an interview. Competitor Lowe’s Cos., which reports earnings next week, fell 1.9 per cent. The stock was down 1.5 per cent as of 10:01 a.m. That binge has now begun to slow amid rising inflation and interest rates. The first-quarter results show the company’s performance is starting to lag after several years of soaring home-improvement spending that was sparked by a booming housing market and stimulus payments that let consumers invest in their homes during pandemic restrictions. Home Depot, which previously predicted sales would remain flat this year, said demand is softening more than it had expected. The company now expects comparable sales to decline as much as five per cent this fiscal year - the first annual fall in 14 years - following a bad start to the year affected by lumber deflation and poor weather, it said Tuesday. cut its outlook for the year after first-quarter sales dropped more than expected, a sign that economic uncertainty is leading to a pullback in home-improvement spending.
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