Retailers, consumers and prices
Check Out Line: The tale of two home centers
Check out the differing prospects at Home Depot and Lowe’s.
Home Depot topped analysts’ expectations with its quarterly report on Tuesday morning and raised 2010 forecasts after its strong start out of the gate.
That dose of confidence came a day after smaller rival Lowe’s issued guidance that disappointed investors. Remember, Lowe’s was a bit cautious when it came to talking about the possibility of an economic recovery.
Meanwhile, retail investors got more big news a little later in the morning: Wal-Mart’s quarterly results. Early signs showed that sales were a bit better than Wall Street anticipated. Still, sales at U.S. Walmart stores open at least a year fell 1.4 percent. The world’s largest retailer said it plans to open a significant number of stores in the second and third quarters.
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