Home Depot Sends A Clear Consumer Health Warning
Home Depot Sends A Clear Consumer Health Warning
On Tuesday, The Home Depot Inc (NYSE:HD) kicks off the retail reports ahead of Walmart (NYSE:WMT) and Target (NYSE:TGT) by posting its fiscal second-quarter earnings and sales that topped Wall Street estimates. However, in face of weak discretionary spending that diminished expectations of consumer sentiment recovering during the remainder of the year, Home Depot warned its annual profit is expected to decline, also expecting a bigger drop in its annual comparable sales.
家得宝公司（NYSE：HD）在沃尔玛（NYSE：WMT）和塔吉特（NYSE：TGT）发布财报之前，周二公布了其财政第二季度的收入和销售额，均超过华尔街预期。然而，面对消费者离散支出疲软，这一财年的利润预计将下降，其年度可比销售额的下降也将更大。
Fiscal Second Quarter Highlights
第二财季业绩亮点如下：
For the quarter ended on July 28th, Home Depot reported revenue rose slightly to $43.18 billion, topping LSEG's estimate of $43.06 billion. Net income shrinked to $4.56 billion, or $4.60 per share. Comparable sales across the business dropped 3.3%, which was steeper than LSEG's estimate of 1.98% and StreetAccount's 2.1% estimate. In the U.S. alone, they dropped even more or 3.6% to be precise. This is Home Depot's seventh consecutive quarter of negative comparable sales.
截至7月28日的第二季度结束时，家得宝公司报告收入略微增长至431.8亿美元，超过伦交所430.6亿美元的预期。净利润为45.6亿美元，每股4.60美元。公司整体可比销售额下降了3.3%，大于伦敦证券交易所1.98%和StreetAccount 2.1%的预期。其中，仅在美国就下降了3.6%。这是家得宝公司连续第七个季度出现可比销售额下降的情况。
For the 13th straight quarter, Home Depot has been struggling with falling traffic that is reflected in declining customer transactions.
家得宝公司已经连续13个季度遭遇顾客流量下降，这在客户交易量下降中得到了反映。
Full Year Guidance
全年指引
Home Depot expects annual comparable sales to drop between 3% and 4% YoY compared with its prior view of a nearly 1% decline, while guiding for diluted profit per share drop between 2% and 4%.
家得宝公司预计年度可比销售额将下降3%至4%，而此前的预期是将近1%的下降，同时预计每股摊薄收益将下降2%至4%。
Following the completion the deal for building materials supplier SRS Distribution in June, Home Depot total annual sales are in for a boost. This is part of the company's plan to build its business for professional builders, roofers, landscapers and pool contractors, that make a half of its sales, to offset weak demand from DIY customers which make the other half of its business.
在6月完成建筑材料供应商SRS Distribution的交易后，家得宝公司的总年销售额将得到提升。这是公司为了抵消DIY客户的疲弱需求（半数营收），而将半数营收来自专业建筑师、屋顶工、园艺工和泳池承包商的业务。
The SRS investment is expected to add about $6.4 billion to its full year sales. With this boost, revenue is expected to grow between 2.5% and 3.5% However, excluding sales from SRS, the new full-year forecast would actally be a revenue cut.
SRS投资预计将为全年销售额增加64亿美元。有了这个推动，收入预计将增长2.5%至3.5%。然而，如果不包括SRS的销售额，则新的全年预测实际上会带来收入的削减。
Home Depot sent a consumer health warning, so all eyes are on Target and Walmart.
家得宝公司已发送消费者健康警告，因此所有关注目光都在塔吉特和沃尔玛。
Higher borrowing costs and steep inflation forced consumers to delay big home renovation projects. Chief Financial Officer Richard McPhail spoke of a more cautious consumer being the newest challenge. Investors will be watching closely at reports from Walmart and Target for further consumer health insights. Walmart is set to report its figures on Thursday, August 15th with Target to follow on August 21st.
更高的借贷成本和严重的通货膨胀迫使消费者推迟大型家居装修项目。首席财务官Richard McPhail称，更为谨慎的消费者是最新的挑战。投资者将密切关注沃尔玛和塔吉特的报告，以获取有关消费者健康状况的更多信息。沃尔玛将于8月15日星期四公布财报，塔吉特将于8月21日公布财报。
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本文来自非报酬的外部投稿人。它不代表Benzinga的报道，并且没有因为内容或准确性而被编辑。