Home Depot on its earnings call sounds a positive note on the economy Archived Message
Posted by ATL on November 15, 2023, 19:52:42, in reply to "Inflation up 3.2% YOY in October, beats estimates"
The Street https://apple.news/AAYM4STUtRSuTbUAmQk1BWQ But Home Depot doesn't see the wobbling figures as a warning sign. Quite the opposite. "[The] most important observation we've made is that the worst of the inflationary environment is behind us," Chief Financial Officer Richard McPhail said on the earnings call. "And as a result, as Billy said, retail prices are settling in the market." [Billy is Billy Bastek, HD's executive vice president of merchandising.] "Some prices are settling at levels higher than 2022; others are settling lower. But we're seeing some stabilization there," McPhail added.
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- Inflation up 3.2% YOY in October, beats estimates - Carl Spackler November 14, 2023, 8:12:57
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- Home Depot on its earnings call sounds a positive note on the economy - ATL November 15, 2023, 19:52:42
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- We're doomed. * - doubledown November 14, 2023, 8:45:32
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