much-needed
Home Depot raises forecasts after strong start to the year
May 17, 2016 by elegant · Leave a Comment
“After last week's dismal set of retail trading updates, Home Depot provides some much needed relief and also an indication of where consumers are spending their money,” Håkon Helgesen, an analyst at research firm Conlumino, said in a note. Home Depot said its strong start to the year was helped by “week-to-week demand spikes caused by weather variability,” which added $250 million to sales in the quarter.
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Home Depot raises forecasts after strong start to the year