Despite ups and downs in housing-related stocks due to severe winter weather patterns across much of the country, the Hardware Retailing Stock Index handily recovered from January’s downturn, adding 69.25 points, or 5.72 percent, to close at 1280.65, outperforming all …
Read More »Tag Archives: financials
HR STOCK INDEX: The Year Starts Off with a Bang—But Not the Good Kind
After a robust and record-setting 2013, markets headed south in January. Stocks tanked when emerging markets fell overseas: A preliminary survey of a purchasing managers’ index of Chinese manufacturing dropped to 49.6, the lowest reading since July. Consumer sentiment dipped …
Read More »Lowe’s Comp-Store Sales Up in Fourth Quarter
Lowe’s reported net earnings of $306 million for the quarter ended January 31, a 6.3 percent increase over the same period a year ago. For the fiscal year also ended January 31, net earnings increased 16.7 percent to $2.3 billion. …
Read More »Home Depot’s Comp-Store Sales Up in Fourth Quarter
Home Depot reported increases in comp-store sales spurred by the recovering housing market. Comparable store sales for the fourth quarter of fiscal 2013 increased 4.4 percent, and comp sales for U.S. stores were positive 4.9 percent. Total sales for the …
Read More »Ace Reports Record 2013 Sales, Profit Increases
Ace Hardware reported total fiscal 2013 revenues of $4.2 billion, an increase of $313.3 million or 8.2 percent. Net income was $104.5 million for fiscal 2013, an increase of $22.7 million or 27.8 percent, compared to $81.8 million in fiscal …
Read More »RONA Inc. Reports Declines in Fiscal Year and Fourth Quarter 2013 Earnings
Canadian home improvement retailer RONA Inc. reported a decline in same-store sales and revenues in the fourth quarter 2013 and fiscal 2013 overall, a result of the “closure of the company’s underperforming stores and the difficult market conditions throughout the …
Read More »Industry Stock Index Inches Higher
Post-Thanksgiving doldrums had Wall Street worried for the good first half of December. As the trading session ended Dec. 31, 2013, markets turned positive as uncertainty was tempered with action from the Federal Reserve. The Hardware Retailing Stock Index gained …
Read More »Tractor Supply Reports Growth in Fourth Quarter
Tractor Supply Company, the largest retail farm and ranch store chain in the United States, with 1,276 stores in 48 states, announced gains in earnings and sales in the fourth quarter. The company reported a net sales increase of 10 …
Read More »