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(Reuters) - Home Depot Inc said on Tuesday pandemic-related uncertainties made it difficult to predict if its sales dream run from last year will continue into 2021, even as its quarterly sales handily beat analysts’ estimates.
The home improvement chain’s shares fell 5%, despite a 24.5% jump in fourth-quarter comparable sales, above analysts’ estimates of an 18.9% increase.
Stuck-at-home Americans have been snapping up tools, paint and building materials all through the COVID-19 health crisis, but the roll out of vaccines and the hopes for a normal life have led many to believe that sales growth in 2021 will fade.
“Significant uncertainty remains with respect to the course of the pandemic, the distribution of vaccines and short-term fiscal policy. Given these uncertainties, we are limited in our ability to forecast demand for the year,” Home Depot Chief Financial Officer Richard McPhail said.
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As Home Depot heads into its busy spring project season - when shoppers build backyard decks and buy patio furniture - it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars.
Fast underground train rolls into Guangzhou By ZHENG CAIXIONG in Guangzhou | China Daily | Updated: 2021-02-22 08:48 Share CLOSE A subway train is hoisted onto a sidetrack in Guangzhou, Guangdong province, on Saturday. The train, the first to operate on the city s lines 18 and 22, will run at up to 160 kilometers per hour. The lines are expected to begin operating in June. [Photo/Xinhua]
An underground train that will reach speeds of more than 160 kilometers an hour was transported to a depot in Nansha district of Guangzhou, capital of Guangdong province, on Sunday.
The train, manufactured by CRRC Zhuzhou Locomotive based in Zhuzhou, Hunan province, was delivered as the depot became ready to host trains.
Austin Bombing Suspect Bought Some Materials at Home Depot
Austin Bombing Suspect Bought Some Materials at Home Depotby wpjljron
Wednesday, March 21st, 2018.Austin Bombing Suspect Bought Some Materials at Home DepotA city that has been on edge for weeks as several makeshift bombs exploded without warning on doorsteps, on a sidewalk and, most recently, in a FedEx shipping center saw the long-running drama coming to an end. But authorities warned that with the bomber’s obviously extensive preparations, it might not be entirely over. […]
A city that has been on edge for weeks as several makeshift bombs exploded without warning on doorsteps, on a sidewalk and, most recently, in a FedEx shipping center saw the long-running drama coming to an end. But authorities warned that with the bomber’s obviously extensive preparations, it might not be entirely over.