|Bid||150.54 x 1400|
|Ask||0.00 x 800|
|Day's Range||186.05 - 187.83|
|52 Week Range||144.25 - 207.61|
|PE Ratio (TTM)||25.63|
|Forward Dividend & Yield||4.12 (2.36%)|
|1y Target Est||N/A|
Williams-Sonoma (WSM) posted SSSG (same-store sales growth) of 5.5% in the first quarter, outperforming analysts’ estimate of 4.0%. The SSSG for West Elm stood at 9.0%, while Williams Sonoma, Pottery Barn Kids and Teen, and Pottery Barn posted SSSG of 5.6%, 5.3%, and 2.7%, respectively.
Home-builder stocks have taken a beating so far this year, but market participants say there could be more near-term pain ahead for the group because benchmark government bond yields have ratcheted higher, lifting borrowing costs for prospective homeowners. “Rising interest rates prompted a lot of investors to sell these stocks, because they believe higher rates will dent demand for housing,” said Diane Jaffee, senior portfolio manager at TCW. The home-building index peaked on Jan. 22 at 1,155.75 and is down 20% since then at 924.17, meeting the traditional criteria for a bear market.
Williams-Sonoma (WSM) posted revenue of $1.20 billion in the first quarter with retail sales forming 46.3% of the total revenue, while e-commerce generated 53.7%. The revenue growth was driven by growth in both retail as well as E-commerce sales. During the quarter, revenue from retail sales increased 4.9% to $556.8 million.
Lowe’s Cos. Inc. needs to do a better job of showing how it’s different from Home Depot Inc. if it wants to move out of its competitor’s shadow and grow, analysts say. “That means that when demand drops because of the weather, Lowe’s falls off the radar and suffers a disproportionate decline in footfall and sales,” wrote Neil Saunders, managing director of GlobalData Retail.
Williams-Sonoma (WSM) posted its first-quarter earnings after the market closed on May 23. The company posted adjusted EPS of $0.67 on revenues of $1.20 billion. Year-over-year, the company’s EPS grew 31.4% while its revenue increased 8.2%.
The new chief executive of home-improvement retailer Lowe's Cos. Inc. will be paid a base annual salary of $1.45 million and receive stock options and restricted stock worth $6 million, according to a filing with the Securities and Exchange Commission. Marvin Ellison, currently the CEO of J.C. Penney Co. Inc. (NYSE:JCP), was announced as the company's next CEO earlier this week. In the most recent quarter, Lowe’s (NYSE:LOW) reported a profit of $1.19 a share on revenue of $17.36 billion, missing analysts' expectations of earnings per share of $1.21 on revenue of $17.44 billion.
Lowe’s Companies (LOW) posted gross margin, EBITDA margin, and net margin of 34.6%, 10.5%, and 5.7%, respectively, in the first quarter. They were 34.4%, 9.3%, and 5.2%, respectively, in Q1 2017.
Emory University and digital health company Sharecare plan to build an innovation hub on the university’s massive campus at Interstate 85 and North Druid Hills Road, a project that could blossom into an innovation district over time.
GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public offering of 38 million shares was priced at $23 per share earlier on Thursday, raising about $874 million. "Our ambitions are to continue to grow and be a very, very large company," Chief Executive David Zalik said in a telephone interview.
Lowe’s Companies (LOW) posted revenue of $17.4 billion for the first quarter, which was lower than analysts’ expectation of $17.6 billion. Revenue growth was driven by the addition of new stores, positive SSSG (same-store sales growth) of 0.6%, the addition of new stores, and the adoption of a new accounting standard, which contributed $130 million to first-quarter revenues. By the end of the first quarter, Lowe’s was operating 2,154 stores, which represents an increase of 17 stores from 2,137 in Q1 2017.
Ken Langone, author of "I Love Capitalism!," and co-founder of Home Depot, offers advice for workers just starting their careers and reflects on why he loves his job. He speaks on "Bloomberg ...
Ken Langone, author of "I Love Capitalism!," and co-founder of Home Depot, discusses his new book and explains the responsibilities that go along with capitalism. He speaks on "Bloomberg ...
Ken Langone, co-founder of Home Depot, discusses U.S. trade, capital spending, and the potential business impact of global automobile tariffs. He speaks on "Bloomberg Daybreak: Americas." (Source: ...
The home improvement retailer's gardening sales were hit by unusually cold weather, but a much more important figure continues to trend in the right direction.
May.24 -- Ken Langone, author of "I Love Capitalism!," and co-founder of Home Depot, offers advice for workers just starting their careers and reflects on why he loves his job. He speaks on "Bloomberg Daybreak: Americas."
May.24 -- Ken Langone, author of "I Love Capitalism!," and co-founder of Home Depot, discusses his new book and explains the responsibilities that go along with capitalism. He speaks on "Bloomberg Daybreak: Americas."
May.24 -- Ken Langone, co-founder of Home Depot, discusses U.S. trade, capital spending, and the potential business impact of global automobile tariffs. He speaks on "Bloomberg Daybreak: Americas."