Tag Archives: financials

Third-quarter earnings reports from the largest big-box home improvement retailers and Ace Hardware Corp. showed mixed results. The Home Depot reported revenue increases, but both Lowe’s and Ace Hardware had year-over-year drops. For more details, read the following stories: Released Nov. 15: …

After record 2015 sales, Ace Hardware Corp. expected but underestimated a revenue drop in third-quarter 2016, according to the co-op’s top executive. Ace’s financial performance in third-quarter 2015 was the best in the company’s history, with revenue up 13.2 percent and net …

Lowe’s net earnings took a hit in the third quarter of 2016, failing to perform as well as leadership projected. “Our third-quarter operating results were below our expectations due to slower sales in the first two months of the quarter,” …

Big-box retailer Home Depot reported today better-than-expected third-quarter profits and sales, topping analysts’ predictions. The company announced sales of $23.2 billion for the third quarter of fiscal 2016. This is a 6.1 percent increase from the third quarter of fiscal 2015. Comparable …

The election is over, so what’s next for businesses in the coming years? Donald Trump is the next president, some states are increasing minimum wages and a variety of other changes are ahead for U.S. companies. Do you know what to expect?  Inc. magazine offers …

This week, True Value Company reported both revenue and gross billings increases for the first nine months of 2016. The home improvement co-op posted year-to-date gross billings of $1.59 billion as of Oct. 1, up 1.6 percent or $25.6 million. Revenue was $1.16 billion …

Walmart is implementing some deep price cuts on products, and the effects could be far reaching. Companies impacted the most by the big-box retailer’s slashed prices include Target, Family Dollar and Dollar General, which may see lower earnings if they drop prices to compete, Business Insider reports this …

Two former rivals in the outdoor sporting goods industry are uniting. On Oct. 3, Bass Pro Shops announced that it is acquiring Cabela’s Incorporated for about $5.5 billion. The companies are expected to close the deal during the first half of 2017, according to an article …