“Home Depot”, a major retail company famous in the United States
America's Federal Open Market Committee (FOMC) announced at a regular meeting held from September 17 to 18 that it would lower the main policy interest rate by 0.5 points. The inflation rate has calmed down since a period of time, and the authorities are probably trying to stabilize the labor market. Interest rate cuts will make it easier to borrow funds. Market participants expect several rate cuts from this year to next. General consumersExpectations are growing that it will be easier to buy durable consumer goods such as automobiles and real estate such as houses to buy by making a loan.
If that happens, sales of automotive supplies, furniture, DIY (repair and create by yourself) supplies, etc. will increase, and speculation that there is a possibility that the stock prices of companies that handle these products will rise.
There are many companies that have developed many large stores in America, and among them $Home Depot (HD.US)$ Take a look. This company was founded in 1978One-stop shopping for “DIY enthusiasts”It was founded with the goal of providing (a comprehensive retail store with all products in one place). The following year, we opened our first two stores in Atlanta, Georgia. Both stores had a large sales floor area of about 60,000 square feet (equivalent to 5574.182 square meters), and had a selection of 25,000 products, which greatly exceeded the average hardware store at the time. Currently,The company became a well-known home improvement retailer, with over 2,300 stores across North AmericaIt is being deployed.
Currently,Home Depot is the world's largest home improvement retailerIt has approximately 0.47 million5,000 employees and over 2,300 stores in the US, Canada, and MexicoI'm doing it. A typical Home Depot store today has an average of 105,000 square feet of indoor retail space and partners with e-commerce (mail order) businesses that offer more than 1 million items.
The above source is from Home Depot's official website
The company handles a very wide range of products, such as construction materials, home center supplies, lawn/garden supplies, interior supplies, and facility maintenance/repair/operation supplies. We also provide various services such as housing equipment construction services and tool and equipment rental. We also operate distribution centers. Since it is such a business type, when housing sales become active, the company's business improves.
Let's take a quick look at the stock price chart.
Home Depot's earnings announcement for the second quarter (May-July period), which was announced in August, was as follows.
・Existing store sales: 3.3% decrease (forecast: 2.4% decrease)
・Earnings per share (adjusted): $4.67 (forecast: $4.52)
・Sales: 43.18 billion dollars, 0.6% increase (forecast: 43.79 billion dollars)
Also, the full-year outlook is as follows.
・Existing store sales: 3-4% decrease (forecast: 1.6% decrease)
・Earnings per share (after adjustment): 1-3% decrease
・Sales: 2.5-3.5% increase (conventional: approximately 1.0% increase)
・Operating profit margin: 13.5 to 13.6% (previously: 14.1%)
[Source] Minkabu Infonoid “Stock Search”
Past management figures are unclear, but these sales, profit, etc. figuresThere is a possibility that external factors such as high inflation rates and American interest rates had a strong impactThere is. The company'sThe full-year sales forecast is expected to increase significantly. The market likes this, and recent stock prices have risenI think so.
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