The season-ending ‘10-Q Review’
With the latest 10-Q report from The Toro Company, the earnings season for the hardware and building supply industry draws to a close.
The Home Depot, earnings season is entering the home stretch.
No surprise: the world's largest home improvement retailer leads the field of 30 publicly traded companies tracked by HBSDealer in total sales and net income.
So far, the percentage-gain sales leader is Louisiana Pacific. The company’s net sales increased by 33% to $814 million. The company pointed to “consistent execution of LP’s strategy, growth in siding and structural solutions.”
Scotts Miracle-Gro posted an earnings increase of 202.3 percent—jumping from $43.7 million in the year-ago quarter to $132.1 million in its most recent quarter.
“Consumer engagement with our brands has remained high through fiscal ‘24, and we expect to drive continued participation through the fall with well-timed media and promotional plans in conjunction with our retail partners,” said Matt Garth, chief financial and administrative officer.
Looking at the most recent reports from the 30 publicly traded companies tracked by HBSDealer, there were more decliners than gainers in the earnings column. An equal number of companies had sales gains and sales declines in their most recent quarter.
Here's the full review:
The quarterly earnings season will return in October, but LL Flooring will not. The company formerly known as "Lumber Liquidators" in early September announced its intention to wind down the business.
