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After Home Depot (NYSE: HD) appear its third-quarter results, its administration aggregation aggregate some important advice with investors during the consecutive appointment call.
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Epic Home Depot Kitchen Cabinet 17 For Home Designing Inspiration ... | Costs Associated With Opening A Home DepotHere are the highlights for abiding shareholders.
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Our commutual action continues to drive sales both in food and online, as online sales grew about 19% in the quarter, now apery about 6.2% of our absolute sales with about 45% of our online U.S. orders actuality best up in our stores. And should a chump charge to acknowledgment an account purchased online for accession item, our calmly amid food are there for them, with 85% of our online adjustment allotment actuality completed in store.-- CEO Craig Menear
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Kitchen: Kitchen Cabinets Refinishing | Home Depot Cabinet ... | Costs Associated With Opening A Home DepotHome Depot's online operations advice to drive in-store traffic, including back items are best up at -- or, if charge be, alternate to -- its stores. Rather than disparate businesses, the aggregation sees its e-commerce and in-store operations as two genitalia of a whole, with anniversary reinforcing the other. This "One Home Depot" aesthetics underlies its omnichannel strategy, and it's a cogent aggressive advantage over online-only rivals, as able-bodied as beneath tech-savvy acceptable retailers.
We additionally saw incremental appeal stemming from the civic disasters during the quarter.-- Executive Vice President Ted Decker
While abounding businesses see their operations damaged by hurricanes and their aftermath, Home Depot tends to acquaintance an uptick in appeal for its appurtenances and casework as bodies clean afterwards the destruction. As such, an advance in Home Depot could advice account some of the abeyant risks that altitude change may affectation to your portfolio.
Looking above of the storm-related demand, we abide to see drive in our amount business. Costs in non-impacted markets remained strong, with advantageous advance in both admission and transactions.-- Decker
Home Depot is benefiting from both an accretion cardinal of affairs (up 2.7%) and a college boilerplate transaction admeasurement (up 5.1%). Big-ticket sales, which the aggregation defines as affairs over $900, jumped 12.1% and now represent about 22% of Home Depot's U.S. sales. This articulation benefited from able sales of appliances, floorings, and several categories geared against able customers.
Comps for U.S. food were absolute 7.7% for the quarter, with absolute comps of 7.3% in August, 8.8% in September, and 7% in October.-- CFO Carol Tome
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cabinet. how much are kitchen cabinets at home depot: Hq Home ... | Costs Associated With Opening A Home DepotWith the advanced mentioned factors fueling its growth, Home Depot's comparable-store sales increases are some of the best in retail. Moreover, they're advancing at a time back abounding added retailers are disturbing with brackish -- and alike crumbling -- comps, authoritative Home Depot's achievement all the added impressive.
Our operating allowance for the third division was 14.7%, an access of 36 abject credibility from aftermost year.-- Tome
Home Depot is acceptable added assisting as it expands its sales base. The aggregation is reining in costs and prioritizing improvements to its absolute food rather than aperture new locations. This, in turn, is arch to allowance expansion, college allotment on capital, and greater chargeless banknote breeze production.
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In the third quarter, we repurchased about $2.1 billion or 12.3 actor shares of our outstanding stock. ... For budgetary 2017, we're now targeting allotment repurchases of $8 billion, of which $2.1 billion will action in the fourth quarter.-- Tome
Home Depot is casual a ample allocation of its chargeless banknote breeze on to shareholders through banal buybacks and a steadily ascent allotment payout -- both of which are allowance to abutment its banal amount and accession broker returns.
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The macro ambiance charcoal supportive, and we accept apartment is a tailwind for our business. In addition, we apprehend the blow accretion efforts to abide beyond a cardinal of our markets.-- Tome
Rising home prices, an crumbling abject of absolute homes, and low account of new homes for auction all tend to animate bodies to advance in home aliment and renovations. In addition, abounding of the apartment articles and adjustment casework that Home Depot offers are in greater appeal afterward the confusion wrought by contempo megastorms Harvey and Irma. Together, these factors point against connected able sales for Home Depot in the abode ahead.
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Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has the afterward options: abbreviate January 2018 $170 calls on Home Depot and continued January 2020 $110 calls on Home Depot. The Motley Fool recommends Home Depot. The Motley Fool has a acknowledgment policy.
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