Home Depot suspended its 2020 outlook in May, citing the uncertainty related to the coronavirus pandemic and its impact on the economy.
People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City.is expected to report its fiscal second-quarter earnings before the bell Tuesday as investors watch to see how much of a bump in sales the home improvement retailer got from the pandemic.Adjusted EPS: $3.71Analysts estimate sales grew by 11.
. Most states deemed it an essential retailer, helping it keep its doors open during the strictest phase of lockdowns. Its e-commerce business is booming, and curbside pickup is now available at most of its stores.Last quarter, the company reportedInvestors will also be watching to see how Home Depot's professional business fared. Bank of America analyst Elizabeth Suzuki wrote in a research note Monday that its reliance on professional customers puts it at a disadvantage relative to rival.
Home Depot suspended its fiscal 2020 outlook in May, citing the uncertainty related to the duration of the outbreak and its impact on the broader economy.This story is developing. Please check back for updates.
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