Lowe’s completes business review and finds a lot of problems [MSN Money]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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Source: MSN Money
© Getty Images Lowe’s CEO Marvin Ellison identified a number of problems plaguing the retailer, including out-of-stocks Among the many announcements Lowe’s Corp. made with its third-quarter earnings, Chief Executive Marvin Ellison said the home repair retailer “substantially completed” a review of the business, and then listed all of the problems facing the company. “[O]ut-of-stocks continue to pressure sales,” Ellison said on the Tuesday earnings call, according to a FactSet transcript. “[O]ur inefficient reset process continued to create disruption in our stores and contributed to out-of-stocks. In fact, all of our categories with negative comps, millwork, paint, fashion fixtures and flooring, were pressured by poorly-executed resets.” And that’s not all. Load Error “[O]ur store processes are too complex, our labor management system is primitive, and our associates are burdened with too many tasks,” Ellison said. “These distractions are preventing our asso
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- The Home Depot Wins 2024 Energy Star Retail Partner of the Year for Sustained Excellence [Yahoo! Finance]Yahoo! Finance
- The Home Depot, Inc. (NYSE: HD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- Circularity in Practice: How The Home Depot Is Turning Waste Into Opportunity [Yahoo! Finance]Yahoo! Finance
HD
Earnings
- 2/20/24 - Beat
HD
Sec Filings
- 4/19/24 - Form PX14A6G
- 4/16/24 - Form PX14A6G
- 4/1/24 - Form ARS
- HD's page on the SEC website