And so, automakers around the world are really investing a lot in bringing these automobiles to the next level from a tech perspective. Also, the ongoing competitor liquidations, and uncertainty related to the COVID-19 pandemic and elections may weigh on its future results. Hill: Doug McMillon, the CEO, talked about their supply chain, how it's improving; I think that's good news in general, whether you're a Walmart shareholder or not, you want to hear about the supply chain getting better. Hill: I bet the airlines, and anyone who owns an airline stock, wishes that the airports were as busy as Home Depot. I mean, it's a reasonable thing to be doing.
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The top and bottom lines topped the Zacks Consensus Estimate and grew significantly from the year-ago period.It expects moderating business prospects for the remainder of fiscal 2021 due to meaningful increase in the seasonal mix and inventory constraints. We are going to look at automotive and home improvement, and we're going to do it through the lens of earnings, but we're going to start with general retail and that means Walmart (NYSE:WMT). Because, and maybe this is a misread on my part, but anytime I see good numbers, whether it's AutoZone, Advance Auto Parts, O'Reilly, that sort of thing, one of my first thoughts is, uh, this probably isn't going to be good for car sales; you know, for new car sales. And so, if you own a Walmart, it's going to be for a little bit of a different reason than a lot of those growth stocks that are out there today. Now, we know 5G is coming out, so people are kind of holding off and they're going to wait and they're going to start buying new phones when the tech gets better. Real time prices by BATS. Stock Advisor launched in February of 2002. Sales closing in on $40 billion, up 23.4%, comp sales up 23.4%.
Will the recent negative trend continue leading up to its next earnings release, or is At Home Group due for a breakout? Stock Advisor launched in February of 2002. See its 7 best stocks FREE.
Hill: Do you think it tells us anything about the automotive market? I mean, 97% on top of 74% just a quarter ago.
Their costs are going up for all of the right reasons, whether it's safety measures in their stores and warehouses or employee pay.
Market data powered by FactSet and Web Financial Group. So, they're helping out homeowners like us, and they're helping out contractors that are able to get back to work.
And you got to figure that over the course of that time, they're going to witness some headwinds and consumer behavior, whatnot.
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I wonder if it bodes ill. Moser: I think it could in the near term.
A lot of that, as you mentioned, has to do with their investments in their e-commerce business.
You know, there's just no other way to put it. This was, in some ways, a surprisingly good quarter in terms of both profit and revenue for Home Depot, although they did acknowledge, and this is kind of what we heard three months ago out of Home Depot, they talked about the costs. So, it's a difficult time for Advance in this market. I think that in time, it'll probably take a little bit longer, but not much longer, I think that we will see these cars really up their game from a tech perspective.
They sold more stuff. I mean, in regard to supply chain, I'm glad you brought that up, because that's something they certainly pointed out last quarter, calling their supply chain among the most capable in the world.
Didn't really give us a whole lot on Walmart+, which is their membership service they are working on.
Returns as of 10/26/2020.
Craig Menear, the CEO, made some comments that I think were smart of him to make, and I think he's doing what a lot of CEOs are doing, which is to essentially say, hey, don't read too much into this. The company said the poor comps were "primarily driven by unfavorable customer response in certain categories to tariff-related strategic price increases.".
October 01, 2020. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
A recent pick, Maxar, skyrocketed +178.7% in 3 months.
Thanks, Ollie. If you do not, click Cancel. But I think the big question that remains is, is this type of performance sustainable?
This situation happens to a lot of people. And I'm with you, I mean, I've gone to Home Depot, and number of times since this [laughs] pandemic started, and it is never not busy, and I just think, you know what, I get it, I mean, I do get it, it's a great situation to be in.
The company also completed a sale-leaseback transaction during the quarter related to four properties. Stocks. Hill: And I don't know about you, but I've been to Home Depot a few times over the last couple of months, and it doesn't matter whether I'm going during the day, at night, weekend, weekday, it doesn't matter, the parking lot is always full.
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Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Adjusted EBITDA was $159.7 million compared with $47.1 million a year ago, reflecting growth of 239.1%.At fiscal second quarter-end, the company had 219 stores in 40 states.
Well, how was Walmart's quarter, Ollie?
And certainly, a theme of the call earlier today was membership. And they certainly understand that, hey, there's still a lot of uncertainty out there, we don't know how sustainable this is. I mean, you're talking about the Internet of Things and connecting all of these devices, whether it's phones, watches, cars, cities, buildings.
Part-time connoisseur of movies, basketball & fine bourbon. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. A month has gone by since the last earnings report for At Home Group (HOME - Free Report) .Shares have lost about 13.9% in that time frame, underperforming the S&P 500. Moser: Man! Second-quarter profits and revenue came in higher than expected. For most people, this seems like a big problem. The upside was driven by a 42.3% improvement in comparable store sales or comps and 7.4% net increase in stores.
We expect an in-line return from the stock in the next few months. They're not out of the woods, they're still doing everything they can to make sure that the groceries are stocked, some of the sporting equipment as well. Why Home Depot stock is down despite earnings beat. So, this all just shows you that the investments they're making in this business are really working out for them right now in a difficult time, and I suspect that they'll come out of this situation owning a little bit more market share than they did going into it. And I say all that, because if Walmart's first-quarter report was about food -- and it was -- this second-quarter report that we got this morning seems to be about stuff.
My favorite character on the show is Ron Swanson.
And you know, we were talking about Advance, I think, toward the end of last year.
But even in this environment they've stretched it, if you look at inventory levels this past quarter, total U.S. inventory levels were actually down 4.6%, which is just, you know, that's something to note, because while the supply chain volatility is starting to settle down, I mean, over the quarter and over the first half of the year, they've seen some shortages in certain things and some stuff, right? Hill: Last thing before we move on.
It’s a real common concern about risk and the stock market. But you own a stock like Walmart really more for the, I think the slow-and-steady income growth there, right? Thanks. The consensus estimate has shifted 33.83% due to these changes. If people are just looking to get more out of, more years out of the vehicles that they have, and there's less wear and tear on them, because in general, people have been driving a lot less over the last six months. I mean, folks getting out there and doing what they need to do to their car, trying to extend the life of that, maybe learning a little something new. And that 74% a quarter ago, if you compare that to a year ago, it was just 37%.
Full-time host of the Motley Fool Money radio show, MarketFoolery podcast, and other things. This video was recorded on Aug. 18, 2020. The company reported adjusted earnings per share of $1.41, which topped the consensus estimate of $1.33 by 6% and increased a notable 683% from 18 cents reported a year ago.Net sales of $515.2 million also beat the consensus mark of $515 million by 0.5% and grew 50.5% from $342.3 million generated last year. And I'm a little bit less glass-half-full, when it comes to that.
And as he says on the show, it's where I buy all of my food and most of my stuff. Visit www.zacksdata.com to get our data and content for your mobile app or website. Anytime you throw a "+" [laughs] on the end of the name, as we're seeing Disney really pulled that off pretty well. Top line grew 5.6%. I don't begrudge him that; I mean, if I were a Walmart shareholder, [laughs] I would want him to continue to keep his cards close to the vest like he's doing, but it's going to be interesting to see what form and shape that takes, how they roll that out. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Chris Hill: It's Tuesday, Aug. 18th. They just are doing so many things right, and they are benefiting from the situation. The FAANG quintet is still up roughly 50% year to date. A month has gone by since the last earnings report for At Home Group (HOME - Free Report) .
[laughs] Because it is basically that simple: They sold more stuff. Why? Let's conquer your financial goals together...faster. Notably, At Home Group has a Zacks Rank #3 (Hold). You want to talk about a juxtaposition, when I flew down to Atlanta, I guess it was about a month ago now, I mean that was a different situation.
And, yeah, I mean I know, 5G is mostly phones and whatnot, but ultimately what 5G is doing, it's connecting everything, right? I present to you exhibit A in Home Depot, because this was a really impressive quarter.
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Moser: Yeah. Global pandemic, yeah, that's a new wrinkle that all CEOs have to deal with.
Moser: Yeah, no question about it. I mean, obviously, you're looking out for all stakeholders, and the business doesn't really exist if you don't have customers, but it definitely doesn't exist if you don't have associates to help you run that business. In a statement, CEO Lee Bird said At Home Group was cutting its guidance due to "weaker performance in our Christmas offering.". But I mean, it never is really.
Moser: Yeah. I'm Chris Hill, with me today, the one and only, Jason Moser.
Delayed quotes by Sungard. I mean, there's a level of humility that's coming in with a lot of these CEOs, a lot of these leadership teams this quarter, where the businesses are fundamentally strong going into something like this, they're able to cope with the given situation, and do OK in what is a difficult time. For 32 years, our Strong Buy list has averaged returns more than twice the market. So, I suspect they're being mysterious, they're playing those cards close to the vest for a reason. Thanks, Ollie.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
At this time, At Home Group has a strong Growth Score of A, a grade with the same score on the momentum front.