169.05 -0.03 (-0.02%)
After hours: 4:22PM EST
|Bid||168.50 x 900|
|Ask||171.00 x 800|
|Day's Range||167.00 - 172.00|
|52 Week Range||167.00 - 215.43|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||18.49|
|Forward Dividend & Yield||4.12 (2.33%)|
|1y Target Est||205.83|
Stephen Sadove, former chairman and CEO of Saks, on the retailers that will come out on top during this holiday season.
It’s time for a slowdown in changes for Mooresville-based Lowe's Cos. Inc., CEO Marvin Ellison tells CBJ in an interview.
Lowe’s has more than 2,240 stores throughout North America, although Mexico accounts for the smallest chunk of the portfolio. There are currently 13 Lowe’s stores in Mexico. Lowe’s also said Tuesday that it would exit its contracting service, Alacrity Renovation Services, and its Iris Smart Home businesses in the U.S.
A downbeat earnings forecast overshadowed the good news in the home-improvement retailer’s third-quarter report. But there’s still reason for investors to cheer.
A growing industry couldn't save the home improvement retailer from posting its second straight downgrade to its 2018 outlook.
United's record-breaking striker Josef Martinez made his editorial debut with a byline in the Players' Tribune for a story called "What Atlanta Means."
It's no secret that Black Friday has transitioned from being a single day of bargain shopping to a week or more of deals that kick off in early November and ramp up through Black Friday weekend. Retailers are hoping shoppers will spend more no matter if they're cozied up at home on a laptop or perusing the aisles at a brick-and-mortar store. For some shopper, it can be overwhelming to have to sift through dozens of email sale alerts and print circulars to narrow down the best deals. That's where we come in. With help from a few shopping experts, we examined the Black Friday doorbusters and deals being offered by five major retailers -- Amazon, Costco, Home Depot, Lowe's and Walmart -- to determine which are worthy of your hard-earned cash. Here's what we found. SEE ALSO: 14 Best Costco Kirkland Products for the Holidays
The iPhone is a relatively small device, but worries about it seem to be creating big ripples in the stock market. U.S. stocks look to be poised for another down day after worries about iPhone sales helped lead a tech selloff yesterday that appeared to taint sentiment. AAPL is a widely held stock with a very large market capitalization, so it can help dictate wider market sentiment.
Of the 25 analysts that follow Williams-Sonoma (WSM), 4.0% have given it “buy” ratings as of November 16, while 80% have given it “hold” ratings and 16% have given it “sell” ratings. On average, analysts have set a price target of $57.22 on the stock, representing a potential upside of 6.4%. Since the announcement of WSM’s third-quarter earnings results, JPMorgan Chase, Stifel, Credit Suisse, Telsey Advisory Group, and RBC have lowered their price targets on its stock.
Lowe's said adjusted earnings for the three months ending on November 2 came in at $1.04 per share, firmly ahead of the 98 cent consensus estimate and down just under 1% from the same period last year. Lowe's said it would look to exit its operations in Mexico, as well as other "non-core" businesses such as Alacrity Renovation Services and Iris Smart Home, and said it sees full-year earnings on a non-GAAP basis of between $5.08 and $5.13 per share amid an overall revenue decline of around 4% compared to 2017. "Our top priority in the third quarter was positioning Lowe's for long-term success by identifying underperforming or non-core businesses and stores for divestiture," said CEO Marvin Ellison.
shares fell sharply Tuesday after it posted weaker-than-expected third quarter earnings but narrowly missed estimates for same-store sales amid a mixed set of numbers for the country's biggest retailers. Target said adjusted earnings for the three months ending on November 3, its fiscal third quarter, came in at $1.09 per share, missing the Street consensus of $1.12 and rising 20.2% from the same period last year. Group sales, Target said, jumped 5.4% to $17.59 billion, matching analysts' forecasts, but noted that same store sales grew 5.1% compared to a 5.2% forecast.
During the third quarter, Williams-Sonoma (WSM) posted EPS of $1.00. However, removing special or one-time items, the company’s adjusted EPS stood at $0.95, representing a rise of 10.5% from $0.86 in the corresponding quarter of 2017. The company outperformed analysts’ expectation of $0.94.
Its revenue is expected to fall 1.1% YoY (year-over-year) to $1.8 billion. Its EPS are expected to rise 5.7% YoY to $0.92 compared to $0.87 in the third quarter of 2017. Its revenue is expected to come in at ~$4.0 billion, an increase of 4.1% YoY.
The U.S. units the company is divesting are Alacrity Renovation Services and Iris Smart Home. Key InsightsThis was the first full quarter under Ellison, who has been aggressive since becoming CEO in July. The review of the business has been “substantially” completed, Lowe’s said.Operations still need work.
Lowe’s new CEO, Marvin Ellison, has ambitions of strengthening the retailer so it does a better job of competing with Home Depot, whose annual sales dwarf its smaller rival by some $30 billion. Given that Ellison spent more than a decade as an executive with Home Depot, he ought to have a clear sense of how to do that. When it comes to store real estate, the advantage goes to Home Depot.
Williams-Sonoma (WSM) posted an EBIT margin of 7.6% in the third quarter of fiscal 2018 compared to 8.7% in the corresponding quarter of the previous year. The fall was the result of an increase in its SG&A (selling, general, and administrative) expenses partially offset by higher gross margins.
Lowe's Companies Inc said on Tuesday it was looking to shed its retail business in Mexico and certain non-core U.S. businesses as the home improvement chain looks to compete more effectively with rivals in the United States. The No.2 U.S. home improvement chain also posted a smaller-than-expected rise in quarterly comparable sales. Under Marvin Ellison, Lowe's newly appointed chief executive officer, the company has been streamlining its business to compete with larger rival Home Depot and online websites by shutting underperforming stores and cutting back on slow moving inventory.
In the third quarter of fiscal 2018, Williams-Sonoma (WSM) posted comparable brand revenue growth of 3.1%, lower than analysts’ expectation of 4.2%. During the quarter, Pottery Barn, West Elm, and Williams Sonoma posted comp brand revenue growths of 1.4%, 8.3%, and 2.1%, respectively. The company brand revenue growth of Pottery Barn Kids and Teen remained flat during the quarter.
The latest quarterly results from Lowe's will follow closely on the heels of the retailer announcing earlier this month that it is closing 51 underperforming stores in the U.S. and Canada.
The company posted comparable brand revenue growth of 3.1%, lower than analysts’ expectation of 4.2%, resulting in the company posting revenue lower than analysts’ expectation. This revenue growth was driven by growth in both e-commerce and retail sales and a new revenue recognition standard that contributed $17.4 million to total revenue.