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Home Improvement Products & Services Retailers

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Lowe's on conf call- Q2 comp growth constrained due to disruption from changes to store staffing model

10:24am EDT

Aug 23 (Reuters) - Lowe's Companies Inc :In presentation - Q2 average ticket rose 3.5 percent to $71.40, customer transactions rose 3.1 percent.In presentation - appliances, lawn & garden, lumber and rough plumbing and electrical products performed above average in Q2.Fashion fixtures, flooring, kitchens, millwork, paint, seasonal & outdoor living categories performed below average in Q2.Key drivers of home improvement spending are real disposable personal income, home prices, and housing turnover.Outlook for the home improvement industry remains positive.Rising home prices should continue to encourage homeowners to engage in discretionary projects in addition to ongoing maintenance and repair spending.On conf call- Q2 comp growth was constrained due to disruption from changes to store staffing model, which became more apparent with increased traffic.On conf call- drove 43 percent comp growth on lowes.com in Q2.On conf call- offering free parcel shipping exclusively for Mylowe's members.Comp growth improved sequentially through Q2 but was constrained as a result of the disruption caused by changes to our store leadership model earlier in the year.COO- focused on adding incremental labor to weekends and high-traffic times during the week, effort is to continue to retain seasonal labor from our spring hires.

Lowe's Companies Q2 adjusted earnings per share $1.57

6:00am EDT

Aug 23 (Reuters) - Lowe's Companies Inc :Lowe's reports second quarter sales and earnings results.Q2 adjusted earnings per share $1.57.Q2 earnings per share $1.68.Q2 sales $19.5 billion versus I/B/E/S view $19.53 billion.Q2 same store sales rose 4.5 percent.Q2 earnings per share view $1.61 -- Thomson Reuters I/B/E/S.Comparable sales are expected to increase approximately 3.5 percent for fiscal year 2017.Diluted earnings per share of $4.20 to $4.30 are expected for fiscal year ending February 2, 2018​.Total sales are expected to increase approximately 5 percent​ for ‍FY 2017.Company expects to add approximately 25 home improvement and hardware stores for fiscal year 2017.FY2017 earnings per share view $3.90, revenue view $64.60 billion -- Thomson Reuters I/B/E/S.Says "‍results were below our expectations in first half of this year​".Reports 7.9% comparable sales increase for month of July.Q2 results included a $96 million gain from sale of company's interest in its Australian joint venture​.

Italtile updates on acquisition of Ceramic Industries, regulatory approval

Tuesday, 22 Aug 2017 01:06am EDT

Aug 22 (Reuters) - Italtile Ltd :UPDATE ON ACQUISITION OF CERAMIC INDUSTRIES PROPRIETARY LIMITED.PURCHASE CONSIDERATION EQUATES TO R3.61 BILLION WHICH WILL BE SETTLED IN CASH (50%) AND BALANCE BY ISSUE OF ITALTILE SHARES AT R11.57 PER SHARE.COMPETITION TRIBUNAL ON AUG 21 ANNOUNCED MERGER HAS BEEN CONDITIONALLY APPROVED. SHAREHOLDERS ARE REFERRED TO STATEMENT RELEASED BY TRIBUNAL.

S.Africa's Competition Tribunal conditionally approves Italtile deal with Ceramic Industries,Ezee Tile Adhesive

Monday, 21 Aug 2017 11:21am EDT

Aug 21 (Reuters) - SOUTH AFRICA'S COMPETITION TRIBUNAL::CONDITIONALLY APPROVES ITALTILE MERGER WITH CERAMIC INDUSTRIES AND EZEE TILE ADHESIVE MANUFACTURES.

Oscar Tjarnberg appointed new CEO of Skånska Byggvaror

Monday, 21 Aug 2017 09:00am EDT

Aug 21 (Reuters) - Byggmax Group AB :Oscar Tjarnberg appointed new CEO of Skånska Byggvaror.Says Tjarnberg has long and broad experience from e-commerce, and is currently CEO of Lekmer.Says current CEO Anders Johansson Eickhoff choses to leave the company after five years.Tjarnberg assumes new position on October 1, 2017. He will be a group management member in Byggmax Group. .

Italtile records FY HEPS of 85.7 cents

Wednesday, 16 Aug 2017 01:21am EDT

Aug 16 (Reuters) - Italtile Ltd : :FY NET ASSET VALUE OF 403 CENTS VERSUS. 362 CENTS IN 2016.FY LIKE-ON-LIKE RETAIL STORE TURNOVER FOR PERIOD INCREASED BY 2.7%.FY HEADLINE EARNINGS PER SHARE OF 85.7 CENTS VERSUS. 86.9 CENTS IN 2016.FY TRADING PROFIT INCREASED 2% TO R1 063 MILLION.ITALTILE LTD - BOARD HAS DECLARED A FINAL GROSS CASH DIVIDEND (NUMBER 102) FOR YEAR ENDED 30 JUNE 2017 OF 14.0 CENTS PER ORDINARY SHARE."RECOGNISES THAT FURTHER SUBSTANTIAL IMPROVEMENTS NEED TO BE MADE ACROSS BUSINESS TO BRING IT IN LINE WITH GROUP'S EXPECTATIONS".CURRENT SOCIO-POLITICAL AND ECONOMIC CONDITIONS WILL PREVAIL FOR AT LEAST NEXT SIX MONTHS.

Home Depot Q2 earnings per share $2.25

Tuesday, 15 Aug 2017 06:00am EDT

Aug 15 (Reuters) - Home Depot Inc :The Home Depot announces second quarter results; updates fiscal year 2017 guidance.Q2 earnings per share $2.25.Q2 sales $28.1 billion versus I/B/E/S view $27.84 billion.Q2 earnings per share view $2.22 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up about 5.3 percent.Comparable store sales for Q2 of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent​.Sees FY 2017 comp sales up approximately 5.5 percent​.Company also raised its diluted earnings-per-share growth guidance for year​.Company's diluted earnings-per-share growth guidance includes impact of $7 billion of share repurchases for fiscal 2017​.Now expects FY 2017 diluted earnings-per-share growth of approximately 13.0 percent from fiscal 2016 to $7.29​.FY2018 earnings per share view $7.25, revenue view $99.36 billion -- Thomson Reuters I/B/E/S.

Clas Ohlson July sales drop 3 pct, far below forecast

Tuesday, 15 Aug 2017 01:00am EDT

Aug 15 (Reuters) - Clas Ohlson Ab :Says sales decreased by 3 pct in July to 616 MSEK (635).Says in local currencies, sales decreased by 3 pct versus previous year.Reuters poll: Clas Ohlson July sales were seen up 3.7 pct.

Wilcon Depot says qtrly net income 371.9 million pesos

Monday, 14 Aug 2017 10:56pm EDT

Aug 15 (Reuters) - Wilcon Depot Inc ::Second quarter 2017 net income 371.9 million pesos.

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