{"id":91989,"date":"2023-11-20T16:47:45","date_gmt":"2023-11-20T16:47:45","guid":{"rendered":"https:\/\/funds.palos.ca\/issue-47-the-retailers-report-and-the-winners-are\/"},"modified":"2023-11-20T16:48:14","modified_gmt":"2023-11-20T16:48:14","slug":"issue-47-the-retailers-report-and-the-winners-are","status":"publish","type":"post","link":"https:\/\/funds.palos.ca\/fr\/issue-47-the-retailers-report-and-the-winners-are\/","title":{"rendered":"Issue 47 &#8211; The Retailers Report and the Winners Are\u2026"},"content":{"rendered":"<p>As we reported in our November 13 letter, last week saw a slew of earning reports from several major retailers. Investors and analysts closely followed results with the aim of getting a pulse on the health (or lack thereof) of the American consumer.<\/p>\n<p>Leading the charge was <strong>Home Depot (HD:NYSE<\/strong>) releasing its third quarter earnings report before the opening bell on Tuesday. Earnings per share (EPS) came in at $3.81 per share versus $4.24 in Q3\/2022, and sales of $37.7 billion were down 3% from last year. The \u201cpro customer\u201d outperformed the do-it-yourself (DIY) customer as small projects trumped sales of big-ticket discretionary items like flooring, countertops and cabinets. Although results were comparatively weaker, investors reacted positively to the \u201cmostly in line\u201d results with HD shares closing up by 5.4% on the day. By Friday\u2019s close, HD shares were higher by 5.4% for the week.<\/p>\n<p>Follow us on: <a href=\"https:\/\/www.linkedin.com\/company\/palos-management-inc.\/\"><strong>LinkedIn<\/strong><\/a><\/p>\n<p>By Charles Marleau CIM<sup>\u00ae<\/sup> and William Mitchell CIM<sup>\u00ae<\/sup><\/p>\n<p><strong><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/funds.palos.ca\/wp-content\/uploads\/2023\/11\/Weekly_Commentary_112023.pdf\">Continue Reading in PDF<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we reported in our November 13 letter, last week saw a slew of earning reports from several major retailers. Investors and analysts closely followed results with the aim of getting a pulse on the health (or lack thereof) of the American consumer. Leading the charge was Home Depot (HD:NYSE) releasing its third quarter earnings &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/funds.palos.ca\/fr\/issue-47-the-retailers-report-and-the-winners-are\/\"> <span class=\"screen-reader-text\">Issue 47 &#8211; The Retailers Report and the Winners Are\u2026<\/span> Lire la suite\u00a0\u00bb<\/a><\/p>\n","protected":false},"author":11,"featured_media":91983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/91989"}],"collection":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/comments?post=91989"}],"version-history":[{"count":0,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/91989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media\/91983"}],"wp:attachment":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media?parent=91989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/categories?post=91989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/tags?post=91989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}