Home Depot is set to invest in operating improvement to secure best-in-class profitability.
While weather provided both a headwind (due to store closures and mix) and tailwind (in terms of demand for products), wide-moat Home Depot posted a banner quarter, generating comp store sales of 7.9%, the fifth year in a row the company has delivered comp store sales of more than 5% in its fiscal third quarter. While gross margins languished a bit, down 17 basis points to 34.6% due to weaker product mix, both selling, general, and administrative expenses and depreciation were a bit better than ...The Home Depot is a home improvement retailer. The company provides its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provides a number of services, including home improvement installation services and tool and equipment rental. The company also maintains a network of distribution and fulfillment centers, as well as a number of e-commerce websites. The company provides a number of programs for its Professional Customers to meet their particular needs, and for its Do-It-Yourself and Do-It-For-Me customers, the company provides a number of installation services. The company also provides tool and equipment rentals for its customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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