Home Depot Sales Fall Short As Consumers 'Become Increasingly Cautious': Analyst
Home Depot Sales Fall Short As Consumers 'Become Increasingly Cautious': Analyst
Careful consumers have put the brakes on Home Depot Inc's (NYSE:HD) revenue for the second quarter as they await the Federal Reserve's expected rate cut in mid-September while navigating a shaky economy, an analyst says.
一位分析師表示，謹慎的消費者在艱難的經濟環境下等待着聯邦儲備委員會於9月中旬預計的減息，這抑制了家得寶公司（NYSE：HD）第二季度的營業收入。
The retail giant posted $43.1 billion in revenue for the three-month period, down 0.6% from a year ago and missing the Wall Street consensus of $43.3 billion.
這家零售業巨頭在三個月內的營收爲431億美元，比去年同期下降了0.6％，低於華爾街預期的433億美元。
"The soft sales reflect pressure from the tough home improvement and soft housing market trends, with higher interest rates and macroeconomic uncertainty," Telsey Advisory Group analyst Joseph Feldman said in a note.
「銷售低迷反映了艱難的家居裝修和軟弱的住房市場趨勢，加上較高的利率和宏觀經濟不確定性，」Telsey Advisory Group的分析師約瑟夫·費爾德曼在一份報告中表示。
"Furthermore, CFO Richard McPhail spoke in a CNBC interview this morning about how the consumer has become increasingly cautious in the current environment, while also deferring projects with expected interest-rate cuts creating lower financing costs three to six months from now," the analyst added.
「此外，該公司首席財務官理查德·麥克費爾在今天的CNBC採訪中談到，消費者在當前環境下變得越來越謹慎，同時推遲了預期的利率下調所創建的未來三到六個月的低融資成本的項目，」分析師補充道。
Read Also: Home Depot Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
請看：家得寶即將公佈業績；以下是華爾街最準確分析師近期的預測調整
Tesley maintained a Market Perform rating and a $360 price target on Home Depot.
特斯利維持了對家得寶的市場表現評級，並給出了360美元的價格目標。
Home Depot realized $1.3 billion in revenue over six weeks during the quarter as a result of acquiring building products provider SRS Distribution Inc. earlier this year.
今年早些時候，通過收購建築產品供應商SRS Distribution Inc，家得寶在本季度的六週內實現了13億美元的收入。
Customer transactions for the second quarter fell 1.8%. Same-store sales worldwide decreased 3.3%, while same-store sales in the U.S. dropped 3.6%.
第二季度的客戶交易下降了1.8％。全球同店銷售下降了3.3％，而美國同店銷售下降了3.6％。
Second-quarter gross profit rose 1.8% from the same period last year to $14.4 billion to post a gross margin of 33.4% that is up 40 basis points from a year ago.
第二季度毛利潤從去年同期的142億美元增長了1.8％，達到144億美元，毛利率爲33.4％，比去年同期上升了40個點子。
Price Action: Home Depot rose 1.52% to $351.12 by Tuesday's mid-afternoon trading, while exchange-traded funds that track the stock gave mixed reactions to Tuesday's earnings report.
股票價格：截至週二下午交易時，家得寶的股價上漲了1.52％，而跟蹤股票的交易所交易基金則對週二的收益報告反應不一。
- IShares U.S. Consumer Focused ETF (BATS:IEDI) ticked up 0.23%
- Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) gained 2.28%
- VanEck Retail ETF (NASDAQ:RTH) slipped 0.18%
- ProShares Ultra Consumer Discretionary (NYSE:UCC) slid 1.06%
- Fidelity MSCI Consumer Discretionary Index ETF (NYSE:FDIS) rose 2.14%
- iShares美國消費者關注ETF（BATS：IEDI）上漲0.23％
- 非必需消費類ETF-SPDR（NYSE：XLY）上漲2.28％
- 零售指數ETF-VanEck（納斯達克：RTH）下跌0.18％
- ProShares Ultra Consumer Discretionary (NYSE:UCC) 下跌1.06%
- 富達MSCI消費者非必需指數ETF（NYSE：FDIS）上漲2.14％
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Photo: shutterstock