Jeff Marks, senior portfolio analyst at Action Alerts PLUS, breaks down what he's watching in Home Depot's earnings report.
"I was happy with the top and bottom line beat, same-store sales, didn't miss. A lot of that had to do with weather, particularly in February. So this is a very interesting part for the call. So February was so bad that 17 out of the 19 regions that they operate in had negative same-store sales and you do not see that from as high from a quality retailer like Home Depot. But things got better as they moved through the quarter rightfully so because the weather began to improve," said Marks.
"And by the time that was done, all those regions except for two had positive comps and those two that were still negative were dealing with some tough year over year comparisons from a weather-related impact. So, you know, management backed their guidance. They still seem pretty confident through the rest of the year", Marks added.
Behind the Label: The History of Home Depot
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