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.
家得寶公司（NYSE：HD）在沃爾瑪（NYSE：WMT）和塔吉特（NYSE：TGT）發佈業績之前，週二公佈了其財政第二季度的收入和銷售額，均超過華爾街預期。然而，面對消費者離散支出疲軟，這一財年的利潤預計將下降，其年度可比銷售額的下降也將更大。
Fiscal Second Quarter Highlights
第二財季業績亮點如下：
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日的第二季度結束時，家得寶公司報告收入略微增長至431.8億美元，超過倫交所430.6億美元的預期。淨利潤爲45.6億美元，每股4.60美元。公司整體可比銷售額下降了3.3%，大於倫敦證券交易所1.98%和StreetAccount 2.1%的預期。其中，僅在美國就下降了3.6%。這是家得寶公司連續第七個季度出現可比銷售額下降的情況。
For the 13th straight quarter, Home Depot has been struggling with falling traffic that is reflected in declining customer transactions.
家得寶公司已經連續13個季度遭遇顧客流量下降，這在客戶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%.
家得寶公司預計年度可比銷售額將下降3%至4%，而此前的預期是將近1%的下降，同時預計每股攤薄收益將下降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月完成建築材料供應商SRS Distribution的交易後，家得寶公司的總年銷售額將得到提升。這是公司爲了抵消DIY客戶的疲弱需求（半數營收），而將半數營收來自專業建築師、屋頂工、園藝工和泳池承包商的業務。
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投資預計將爲全年銷售額增加64億美元。有了這個推動，收入預計將增長2.5%至3.5%。然而，如果不包括SRS的銷售額，則新的全年預測實際上會帶來收入的削減。
Home Depot sent a consumer health warning, so all eyes are on Target and Walmart.
家得寶公司已發送消費者健康警告，因此所有關注目光都在塔吉特和沃爾瑪。
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.
更高的借貸成本和嚴重的通貨膨脹迫使消費者推遲大型家居裝修項目。首席財務官Richard McPhail稱，更爲謹慎的消費者是最新的挑戰。投資者將密切關注沃爾瑪和塔吉特的報告，以獲取有關消費者健康狀況的更多信息。沃爾瑪將於8月15日星期四公佈業績，塔吉特將於8月21日公佈業績。
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本文來自非報酬的外部投稿人。它不代表Benzinga的報道，並且沒有因爲內容或準確性而被編輯。