Citi has released a list of 20 large-cap growth stocks that it says present opportunities in the event of a pullback.
“Our call since early summer has been to hold Growth and look to buy on pullbacks,” Citi analyst Scott Chronert said in a note released Monday, adding that Citi has had a tactical preference for cyclicals. “However, on the heels of the strong Cyclicals surge during June and July, and our upwardly revised S&P 500 target of 4600, the messaging has been to buy on pullbacks more broadly,” he wrote.
Citi also notes that the Russell 1000 Growth Index RLG
has sold off more than 6% from its mid-July high, although two-thirds of the stocks in the index are down 10% or more, with one-third down more than 20%. “This sets up for interesting intermediate to long-term stock selection opportunities,” Chronert said.
The analyst acknowledged that there is still a risk of economic softening ahead, if not a recession. “Yet, the argument that Growth stocks can show fundamental resilience during periods of broader economic weakening is a theme that we have considered for several years now,” he said.
Set against this backdrop, the analyst firm has compiled a tech-heavy list of 20 stocks that have a buy rating from Citi, have at least 75% of market cap assigned to growth, according to Russell, and have experienced a decline of 10% or more from year-to-date highs since March 31. Other common characteristics of the stocks include consensus estimates of free cash flow per share above March 31 levels and free cash flow per share within or above market-implied five-year-forward estimates.
Shares of Apple, which recently launched its iPhone 15, are down 5.5% in the last three months. Shares of chip maker NVIDIA are up 2.8% over the same period, while Lockheed Martin is down 8.9% and DraftKings is up 8.6%. Las Vegas Sands is down 21.8% and Chipotle is down 8.8%, while Netflix is down 7.8%.
ST. LOUIS, August 24, 2023 (Newswire.com)
– Tacony Corporation has introduced a new Baby Lock product lineup from its Sewing Division. The new product line is now available at Baby Lock retailers and online. The line showcases new products for expert to beginner-level sewists. Consumers who purchase a Baby Lock product will join the Baby Lock community, where they’ll receive hands-on retailer support and customer service, as well as hundreds of free projects, invitations to exclusive Baby Lock online communities, access to more than 1,000 sewing videos, and more.
“As more and more of our consumers look to Baby Lock to solve their sewing needs, we want to provide sewists with products that will make creating easier and more enjoyable,” said Jeff Fuller, Vice President of Marketing and Global Product at Tacony. “Our new line of products is designed to put our consumers in the best possible position for driving creativity with efficiency.”
Key new products include:
Altair 2 Sewing and Embroidery Machine
Use the 2-point positioning function to preview the position of your design.
Includes 9-1/2″ x 14″ hoop.
Draw directly on the screen, scan in, or wirelessly send artwork to the machine from a smartphone using the IQ Intuition Positioning App.
Add stippling, echo quilting, or any of the 30 Decorative Fill patterns around a selected design.
Meridian 2 Embroidery Machine
534 built-in embroidery designs allow you to create custom.
Embroider large designs with the included 9-1/2″ x 14″ and 5″ x 7″ embroidery hoops.
Wirelessly transfer photos using the IQ Intuition Positioning™ app.
Capella Single-Needle Embroidery Machine
The Capella gives you 7-7/8″ x 11-3/4″ of embroidery space.
Includes 175 built-in designs, 39 fonts, 1 monogram font, and 120 frame combinations.
Use the crosshair positioning laser to preview the layout of your design.
Accomplish 2 Sewing Machine
The Accomplish 2 is a straight stitch machine with 1,500 stitches per minute speed, precision pin feed system and built-in needle threader.
Built-in telescoping stand can handle large spools of thread for consistent thread delivery.
The rotary hook bobbin is easy to access and features a built-in thread cutter.
Altair and Meridian Upgrade
This kit will have all the upgraded features available in the Altair 2 or Meridian 2.
Enhancements include 15 additional IQ Designer decorative fill designs, a 7″ x 12″ magnetic frame, couching embroidery foot and patterns, 12 new motifs, 2-point position, and more.
In addition to the new machines, several new Baby Lock accessories are available, including easy-to-use magnetic embroidery hoops, foot kits, and more.
To learn more about the new Baby Lock products, visit www.babylock.com.
About Tacony Corporation
Founded in 1946, Tacony Corporation is a privately-held manufacturing and distribution company that provides your world with better solutions for sewing, cleaning, and home. With nearly 340 associates in nine locations around the world, under the leadership of CEO Kristi Tacony Humes, Tacony’s mission is to create long-lasting relationships that are based on trust and feel like family. For more information, visit www.tacony.com.
The majority of second-quarter earnings season is over, with a handful of major technology and retail names left to report this week. Economists will be focused on any news from an annual gathering of monetary policy thinkers and practitioners in Jackson Hole, Wyoming.
The thing that will make companies lower prices is if consumers stop complaining about paying more for the things they need and want, and actually start refusing to buy them.
As the U.S. corporate earnings-reporting season progresses, with earnings from major retailers Walmart Inc. WMT, +0.59%,
Target Corp. TGT, +0.10%
and Home Depot Inc. HD, +0.52%
on tap next week, investors can get a ground-floor view of how consumer demand may have been hurt, or not, by higher prices, and what the companies plan to do, or not do, about it.
This dynamic of how consumers adjust their spending habits when prices change is referred to by economists as the price elasticity of demand.
“ For companies to cut prices, ‘you have to have the consumer go on strike, and they’re not there yet.’”
— Jamie Cox, Harris Financial Group
Those who trust companies will choose to ratchet down prices on their own, or at least not raise them because the rise in input costs has been slowing, haven’t been listening to what the many companies have told analysts on their post-earnings-report conference calls.
Kraft Heinz Co. KHC, +0.47%
acknowledged after its second-quarter report that its relatively higher prices have hurt demand, but not by enough for the food and condiments company to consider cutting prices.
Colgate-Palmolive Co. CL, +0.81%
said it will continue to raise prices, even as inflation slows and selling volume declines, as the consumer-products company continues to be laser focused on boosting margins and profits.
And while PepsiCo Inc. PEP, +0.16%
was worried that elasticities would increase, given how its lower-income customers were being particularly pressured by inflation, the beverage and snack giant reported strong results as it witnessed “better elasticities” in most of the markets in which it operated.
“Obviously, there is still carryover pricing, and I don’t think we’ll do anything different than our normal cycles on pricing in the balance of the year,” PepsiCo Chief Financial Officer Hugh Johnston told analysts, according to an AlphaSense transcript.
Basically, as MarketWatch has reported, so-called greedflation is alive and well.
Jamie Cox, managing partner for Harris Financial Group, said as long as the job market stays strong, as it is now, corporate greed will continue to pay off.
“If something is more expensive, and you have a job, you’ll complain about it, but you won’t substitute it for something cheaper,” Cox said. For companies to cut prices, “you have to have the consumer go on strike, and they’re not there yet,” Cox added.
“ ‘At some point, people are going to say, “All right — enough.” ’ ”
— Paul Nolte, Murphy & Sylvest Wealth Management
The reason elasticity is so important in the current environment is that, as long as consumers continue to pay the higher prices companies are charging, inflation will remain stubbornly high, making it, in turn, more likely that the Federal Reserve will continue to raise interest rates or, at the very least, not lower them.
But the longer interest rates stay high enough to crimp economic growth, the more likely the stock market will reverse lower as recession fears rise.
“At some point, people are going to say, ‘All right — enough,’ ” said Paul Nolte, senior wealth manager and market strategist at Murphy & Sylvest Wealth Management. “But we just haven’t seen that yet.”
What is elasticity?
Economists use the term “price elasticity of demand” to refer to the way in which consumers adjust their spending habits when prices change.
“Elasticity tries to measure how much more producers will want to produce if prices rise, and how much more consumers will want to buy if prices fall,” explained Bill Adams, chief economist at Comerica.
Elasticity often depends on the type of product a company sells.
For example, consumer-discretionary-goods companies that sell products and services that people want will often experience greater price elasticity than consumer-staples companies that sell things that people need, such as groceries and prescription drugs.
But even for needs, consumers often still have a choice, as less expensive generic, or private-label, alternatives may be available.
Andre Schulten, chief financial officer of consumer-staples maker Procter & Gamble Co. PG, +0.58%,
which recently beat earnings expectations as it continued to raise prices, telling analysts that, while there was “some trading into private label,” the overall market share of private-label products was unchanged for the year.
As Harris Financial’s Cox said, consumers may be complaining about higher prices, but they aren’t yet desperate enough to stop buying.
The Federal Reserve’s latest Beige Book economic survey stated that business contacts in some districts had observed a “reluctance” to raise prices as consumers appeared to have grown more sensitive to prices, but other districts reported “solid demand” allowed companies to maintain prices and profitability.
That’s likely why companies and analysts have become less concerned about price elasticity. Based on a FactSet analysis, mentions of the word “elasticity” in press releases and conference calls of S&P 500 companies SPX
increased as inflation and interest rates started surging in early 2022 through the end of the year.
Mentions of the word elasticity in earnings press releases and conference-call transcripts of S&P 500 companies.
FactSet
As the chart shows, “elasticity” popped up in more than 55% of earnings releases and conference calls in mid-2022, but with the second-quarter 2023 earnings-reporting season more than half over, mentions had dropped to about 20%.
Perhaps that will pick up, as retailers, especially those catering to lower-income customers — recall the PepsiCo comment — assess the demand impact of continued price increases.
Meanwhile, the branded-foods company Conagra Brands Inc. CAG, +0.71%,
whose wide-ranging food brands including Birds Eye, Duncan Hines, Hunt’s, Orville Redenbacher’s and Slim Jim, were starting to see the emergence of a different dynamic.
Chief Executive Sean Connolly said consumers were shifting behavior in some categories as prices remained high. Rather than trade down to lower-priced alternatives, he noticed some consumers buying fewer items overall, “more of a hunkering down than a trading down.”
That’s exactly the kind of consumer behavior that is needed, if companies are to stop feeding into the greedflation phenomenon and to start pulling back on prices.
One of the most cost-effective sales events designed for craft lovers will be July 7-13, 2023.
SACRAMENTO, Calif., June 28, 2023 (Newswire.com)
– HTVRONT, one of the top-notch handicraft brands worldwide, is thrilled to announce its highly anticipated mid-year sale, taking place for five days from July 7 to 13, 2023. As one of the big annual sales, this event is held to offer its customers unprecedented bonuses and benefits for the love and support of the past half year, as well as the most preferential price of its flagship machine product, HTVRONT Auto Heat Press.
“As an innovative and indigenous brand specialized in developing and producing better-value craft materials and machines, we always commit to empowering creativity worldwide. Following our brand value: devotion, passion, and sincerity, we strive to enable every crafter to put their brilliant and imaginative ideas into reality,” said Allen He, the CMO of HTVRONT. “That’s why we set this mid-year big sale for our friends and all craft enthusiasts, to bring the most popular automatic heat press into more people’s houses and workshops and to boost the productivity of making creation into life.”
It is said that this sales event will offer HTVRONT’s customers the best-selling products with huge discounts of from 30% to 50%, such as heat transfer vinyl, adhesive vinyl, sublimation paper, craft accessories, on several top international shopping platforms, including Amazon, eBay, Walmart, Lazada, AliExpress, Shoppe, and its official website. And to give back to valued customers, both new and existing, HTVRONT’s official website will release three exclusive sections: flash sales, lucky bags, and discounted items to amplify the excitement of this incredible sale.
One of the main casts during this sales event, HTVRONT Auto Heat Press, which earned the prestigious title of “Best Seller” on Kickstarter, the most influential crowdfunding platform around the world, will captivate more crafters this time with the most favorable price. Featuring an automatic lifting system, intelligent pressure exertion function, a pullout drawer design, a multi-layer insulation shell, and built-in fast ironing modes, this remarkable heat press machine is designed to be the best companion for every craft lover, delivering professional-grade results.
By now, HTVRONT has won recognition and loyalty from more than 10 million followers across over 150 countries and regions. Most comment on the products as “accessible, durable, and affordable.” This acclaim stems not only from HTVRONT’s beginner-friendly and cost-effective offerings but also from its robust business system, which combines an efficient logistics network, a self-reliant factory of over 30,000 square meters, and global supply chains.
For now, the HTVRONT production team is preparing to launch its newest Auto Tumbler Heat Press, the second smart heat press in its product line.
This Brand-New Automatic Tumbler Heat Press Boasts Efficiency, Ease, and Customization
SACRAMENTO, Calif., June 28, 2023 (Newswire.com)
– HTVRONT, an innovative brand powered by its mature product ecosystem, is now going to unveil its first automatic tumbler heat press machine, HTVRONT Auto Tumbler Heat Press, expanding its intelligent heat press lineup and bringing convenience to the handicraft industry.
HTVRONT Auto Tumbler Heat Press is designed to free each crafter’s hands from sublimating personalized tumblers, cups, and mugs. With no manual work and an exclusively large heat plate, this machine can empower craft lovers with ease, efficiency, high security, and boundless creativity.
Sharing the design ideas of HTVRONT smart heat presses, the HTVRONT Auto Tumbler Heat Press comes with a stylish and high-tech look and a large curved heat plate with a length of 24cm/9.5in. The whole-new heat press enables cup projects from 10oz to 30oz in size and brings cost-effective work by heat transferring designs to two 15oz mugs at once, meeting a variety of the customers’ demands on the market.
Along with upgraded heating speed and adjustable control panel for temperature and time, HTVRONT Auto Tumbler Heat Press delivers an efficient and intelligent work style. Unlike its counterparts on the market, this tumbler heat press allows users to set more matchable and accurate times and temperatures for their materials, highly improving the final results and performance. Additionally, it takes only five minutes to get to its highest temperature of 400℉, demonstrating a rapid and soothing user experience.
“HTVRONT Auto Tumbler Heat Press is the second automatic product in our heat press lineup. It’s developed under the idea of bringing every crafter into a more intelligent era,” said Allen He, CMO of HTVRONT. “This first Auto Tumbler Heat Press differentiates itself from competing products with its hassle-free operation, larger heating area, and customizable setting. That’s what we want to offer our customers: freedom and massive creativity.”
Besides high efficiency, this heat press further optimizes the portability and convenience for craft lovers via a lightweight design compared to traditional manual mug heat presses with a metal structure. And to further magnify its intelligence, the HTVRONT product team also enables the Auto Tumbler Heat Press a user-define mode, which can easily memorize the last set by users.
“HTVRONT will never stop at DIY garments through heat transfer technique. We commit to exploring more creative activities and applicable and effortless methods for our customers. HTVRONT Auto Tumbler Heat Press is just the onset of the journey, which will be released around August 2023. Currently, our product team is still striving for our next generation of HTVRONT Auto Heat Press. We’re looking forward to the future,” said Mike Wei, product manager of HTVRONT.
More details of the HTVRONT Auto Tumbler Heat Press are available at https://www.htvront.com; let’s stay tuned.
Shares of Lowe’s Companies Inc. dropped Tuesday, after the home-improvement retailer beat fiscal first-quarter profit and sales expectations but cut its full-year outlook, citing lower demand for discretionary items.
Net income for the quarter to May 5 was $2.26 billion, or $3.77 a share, after income of $2.33 billion, or $3.51 a share, in the same period a year ago. Net income fell while earnings per share increased as the number of shares outstanding used to calculate EPS dropped 9.8% to 597 million.
Excluding nonrecurring items, such as an asset-sale gain, adjusted EPS of $3.67 beat the FactSet consensus of $3.44.
Total sales declined 5.5% to $22.35 billion, above the FactSet consensus of $21.60 billion, while the same-store sales decline of 4.3% missed expectations for a 3.4% decline.
Cost of sales fell less than sales, down 5.1% to $14.82 billion, as gross margin contracted to 33.7% from 34.0%. The value of merchandise inventory as of May 5 fell 3.5% from a year ago to $19.52 billion.
The stock LOW, -1.51%
shed 1.0% ahead of the open, but pared earlier premarket losses of as much as 3.4%.
During the quarter, Lowe’s said it spent $2.1 billion to repurchase 10.6 million shares and paid out $633 million in dividends.
“We are pleased with the performance of our business despite record lumber deflation and unfavorable spring weather,” said Chief Executive Officer Marvin Ellison. “Although we delivered positive comparable sales in Pro and online for the first quarter, we are updating our full-year outlook to reflect softer-than-expected consumer demand for discretionary purchases.”
For fiscal 2023, the company lowered its guidance ranges for adjusted EPS to $13.20 to $13.60 from $13.60 to $14.00 and sales to $87 billion to $89 billion from $88 billion to $90 billion. The outlook for same-store sales was revised to down 2% to down 4% from flat to down 2%.
Meanwhile, Wall Street’s full-year estimates were within the lowered guidance ranges, as the FactSet consensus for EPS was $13.56. The estimate for sales was $88.36 billion and for same-store sales was a decline of 2.2%.
Lowe’s results came less than a week after rival Home Depot Inc. HD, -0.08%
reported a first-quarter profit beat — but sales missed expectations. Home Depot also lowered its full-year outlook.
The stock has gained 2.0% year to date through Monday, while Home Depot shares have dropped 8.0% and the S&P 500 index SPX, +0.02%
has advanced 9.2%.
Whether your aesthetics lean toward military chic, crossover vintage, or just about anything in between, patch-decorated clothing is back. This retro trend has been spotted on It girls and has dominated the trend cycle for the last few seasons. Of course, knowing how to iron on patches yourself can save you from the price tag of high-end designs while offering the satisfaction of creating something truly unique. To get started, grab your favorite jacket, jeans, or handbag and follow these four simple tips on how to iron on patches. This DIY project is one you should definitely try at home.
Shares of Home Depot Inc. dropped Tuesday, after the home improvement retail giant reported fiscal first-quarter profit that topped expectations but sales that fell short, and it cut the full-year outlook, citing lumber deflation and bad weather.
Net income for the quarter to April 30 fell to $3.87 billion, or $3.82 a share, from $4.32 billion, or $4.09 a share, in the same period a year ago. That topped the FactSet consensus for earnings per share of $3.80.
Sales declined 4.2% to $37.26 billion, well below the FactSet consensus of $38.31 billion.
“Our sales for the quarter were below our expectations primarily driven by lumber deflation and unfavorable weather, particularly in our Western division as extreme weather in California disproportionately impacted our results,” said Chief Executive Officer Ted Decker.
Overall same-store sales fell 4.5% to miss the FactSet consensus for a 1.6% decline, with same-store sales in the U.S. falling 4.6%.
The stock sank 3.6% toward a seven-month low in premarket trading.
“Given the negative impact to first quarter sales from lumber deflation and weather, further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand, we are updating our guidance to reflect a range of potential outcomes,” said Chief Financial Officer Richard McPhail.
For fiscal 2023, the company cut its EPS outlook to a decline of between 7% and 13% from a decline in the mid-single digit percentage range, and lowered its sales outlook to a decline of between 2% and 5% from approximately flat.
The stock has dropped 10.2% over the past three months through Monday, while the Dow Jones Industrial Average DJIA, +0.14%
has slipped 1.0%.
HOUSTON, March 1, 2023 (Newswire.com)
– Refugee Services of Texas has received a donation of 10 Baby Lock Sewing Machines, private sewing classes and notions from B-Sew Inn Sewing and Software Center, a valued customer of Tacony Corporation.
The donation from B-Sew Inn will be utilized for sewing classes and as donations directly to clients. Sewing machines will provide the clients with a creative outlet and help them gain financial stability. The women served especially benefit from access to sewing machines because they can work from home as tailors to support their families.
“We are deeply grateful for their support and generosity, which will help us continue our mission to provide compassionate and quality support services to refugees and other vulnerable populations. We are excited to put this contribution to work and make a difference in the lives of the people we serve.” Jennifer Linscomb, Area Director for Refugee Services of Texas.
Refugee Services of Texas has been providing support to those in need across Texas for over 40 years. They are dedicated to serving refugees, asylees, survivors of human trafficking, and other vulnerable populations and strive to make a positive impact in the community. For more information about Refugee Services of Texas and how you can support their work, please visit www.rstx.org.
“We are so pleased to support this important organization and their mission to support those in need in the Houston community.” Mary Hess, Owner B-Sew Inn.
B-Sew Inn is the world’s largest Baby Lock retailer with six locations across Oklahoma, Missouri, Arkansas, and the newest location outside of Houston in Humble, TX. B-Sew Inn offers superior education and service to all customers, along with incredible products, including Baby Lock Sewing Machines, Koala Sewing Furniture, and a variety of sewing essentials. For more information about B-Sew Inn, visit www.bsewinn.com
Baby Lock USA and Canada is brought to you by Tacony Corporation. To learn more about Baby Lock and Tacony, visit www.tacony.com.
Using a soft cloth, apply your cleaning solution to the shoes in gentle, circular motions. If you’re dealing with difficult grass stains or embedded dirt, it’s perfectly acceptable to bring your brush from step one back into the picture. Keep a second bowl of clean, warm water handy to periodically rinse the cloth to ensure you don’t spread existing stains over the rest of the shoe.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
There are a couple of effective methods for shrinking a shirt, and one of the easiest is by boiling it. Simply heat up a pot of water, then shut off the stove as soon as it reaches a boil. Drop the T-shirt in the water immediately and let it sit for about five minutes.
If you’re looking for a more serious degree of shrinkage, you can leave the shirt in the water for up to 20 minutes. The longer the shirt is left in the water, the further it will shrink, but obviously, there’s a limit to this magic. Most shirts will only shrink up to a maximum of 20% in size.
Once you’re finished soaking the shirt, remove it from the water using a pair of tongs or a wooden spoon. Once the shirt has cooled off enough to touch, wring it out and examine your progress. The boiling process can be repeated as many times as you need to achieve the desired results.
It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Reserve jacked up interest rates to push back against inflation.
But the stock market always looks ahead. Following a decline of 19.4% for the S&P 500 SPX, +0.42%
in 2022 and a 37.6% drop for the benchmark index’s consumer discretionary sector, this may be the time to begin looking for bargains.
And now, analysts at Jefferies have lifted the sector to a “bullish” rating.
In a note to clients on Jan. 10, Jefferies’ global equity strategist, Sean Darby, wrote: “A Goldilocks scenario might be unfolding for the U.S. consumer — falling inflation but steady employment conditions.”
He sees consumer confidence improving, in part because “households are still sitting on [about] $1.4 trillion of Covid savings.”
Darby pointed to a list of 18 consumer discretionary stocks favored by Jefferies analysts that was published on Jan. 6. Those are listed below, along with three stocks in the sector the analysts rate “underperform.”
The ratings of the Jefferies analysts for individual stocks is based on their 12-month outlooks for the companies, in keeping with Wall Street tradition.
So we have added another list further down, showing which companies in the S&P 500 consumer discretionary sector are expected by analysts polled by FactSet to increase sales the most through 2024.
The Jefferies 18
Here are the 18 consumer discretionary stocks recommended by Jefferies analysts with “buy” ratings on Jan. 6, sorted by how much upside the firm sees for the shares from closing prices on Jan. 9:
Click on the tickers for more information about the companies.
Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.
The two right-most columns on the table show estimated compound annual growth rates (CAGR) for the companies over the past three calendar years and expected sales CAGR for two years through calendar 2024, based on the companies’ financial reports and consensus estimates among analysts polled by FactSet.
(We used calendar-year numbers, some of which are estimated by FactSet for prior years, because some companies have fiscal years or even months that don’t match the calendar.)
The stock pick with the highest 12-month upside potential, based on Jefferies’ price target, is Topgolf Callaway Brands Corp. MODG, -0.22%.
This company has the highest estimated three-year sales CAGR on the list, and has the third-highest projected sales CAGR through 2024, after Planet Fitness Inc. PLNT, +0.69%
and Chewy Inc. CHWY, +1.63%.
On Jan. 6, the Jefferies analysts also listed three stocks in the sector they rated “underperform.” Here they are, sorted by how much the analysts expect the stocks to decline over the next 12 months:
A look head at which companies are expected to increase sales the most over the next two years might serve as a good starting point for your own research.
Bear in mind that some of the companies in travel-related industries suffered declining sales for three years through 2022 because of the coronavirus pandemic. Some of those are on this new list of 20 stocks in the S&P 500 consumer discretionary sector expected to show the highest two-year sales CAGR through calendar 2024:
Among the companies on this list that didn’t suffer sales declines from 2019 levels, Tesla Inc. TSLA, -1.83%
is expected to achieve the highest two-year sales CAGR through 2022.
Dollar General Corp. DG, -0.26%
is the only company to appear on this list based on consensus sales growth estimates and the Jefferies recommended list.
third-quarter earnings results beat expectations, giving the stock a boost on Tuesday.
The home-improvement retailer reported third-quarter earnings of $4.24 a share, topping analysts’ projections of $4.12 a share. Revenue came in at $38.9 billion, up 5.6% from a year earlier and topping estimates for $38 billion. Same-store sales rose 4.3%, ahead of estimates for 3.1%. U.S. same-store sales rose 4.5%.
When it comes to the value of a home, outdoor areas prove just as important as the home’s interior. Experts share their top tips for creating an appealing outdoor space.
Press Release –
Sep 8, 2022
BRISBANE, Australia, September 8, 2022 (Newswire.com)
– A well-designed and maintained outdoor area has the potential to increase the overall value of a home, according to Online Patios. Making it easy to upgrade outdoor spaces with DIY carport and patio kits, Online Patios delivers products that offer a cost-effective solution for homeowners and builders to create high-quality outdoor settings.
According to Online Patios, as Australians have a love affair with outdoor living, an appealing outdoor area will become a huge selling point when it comes time to sell. Freshening up the garden with a prune of overgrown plants, new lawns or plants will instantly improve the street appeal of a home. Speaking with a local nursery expert will help to stretch the budget while also ensuring the right vegetation is being selected for the area.
Online Patios recommends creating a space for entertaining outdoors. During the warmer months, outdoor entertaining areas become one of the most used and loved parts of a home. A DIY patio or carport kit like those offered by Online Patios allows homeowners to create a unique look, with the ability to choose the size or the roof and the colour of the particular components, including beams, gutters and posts. The made-to-order products are available in a range of styles, such as freestanding, fixed to fascia and flyovers for a stylish and sleek look.
To create the ultimate outdoor entertaining area, Online Patios suggests decorating with outdoor furniture, pot plants and a built-in barbecue. These simple additions will transform the space and make it more appealing for lounging, socialising and dining. The space should incorporate both hard surfaces, such as paving or decking, with greenery.
For those with a higher budget, incorporating a state-of-the-art outdoor kitchen with lighting and stylish shutters underneath the patio will create a lavish and inviting outdoor space, says Online Patios. Adding an outdoor fire pit and heaters will create ambience for the colder months, making the space useable all year round.
Offering the best DIY patio and carport kit Brisbane-wide, ordering online is easy with Online Patios.
MINDEN, Nev., December 15, 2021 (Newswire.com)
– Semi Exact, a fast-growing direct-to-consumer maker of high-quality ready-to-make furniture, today launched a crowdfunding campaign on Kickstarter to finance a major expansion of its product line.
The company will use proceeds of the Kickstarter campaign to launch a line of wood components — beginning with the Semi Exact DIY Box Frame Bed Kit — to be manufactured at its headquarters at the base of the Sierra in Minden, Nev.
“We’ve served nearly 100,000 customers who turned to Semi Exact in the past five years for metal furniture legs, shelf brackets and other components to create their own furniture,” said Elton Rivas, one of the company’s co-founders. “Many of them asked us to provide wood options as well for beds, tabletops, desks, chairs and cabinets. We’re thrilled to take this major step to meet their requests.”
Matt Jensen, the other co-founder of Semi Exact, noted the company has built a reputation for exceptional quality, and the new woodworking facility will continue to meet those high standards.
“We believe in a simple path forward for furniture, one that’s rooted in quality, timeless design and the desire in each of us to create a better story, with meaning and intention, behind what we live with,” Jensen said.
With clean lines and refined touches, the Semi Exact DIY Box Frame Bed Kit brings sweet dreams to everyone from craftspeople who want to create their own bed to makers who have limited tools and space and want to assemble cut-to-size components created from Baltic birch.
Backers of the Kickstarter campaign will receive rewards ranging from recognition on a photo board at the Semi Exact’s headquarters in Nevada to packages of components for Semi Exact beds. Top backers — $5,000 or more — will be flown to Nevada for a personal tour of the company’s factory followed by a day of skiing or snowboarding at a nearby ski resort.
Semi Exact plans to begin shipments of the new Box Frame Bed next spring.
About Semi Exact Semi Exact exists to empower the world to say “I made it,” by making it easy and enjoyable for anyone to make their own furniture. At Semi Exact, we believe that anyone can create high-quality furniture. We make the experience easier by bringing together carefully crafted furniture components and a supportive maker community. We’re creating a new category in the consumer goods market that changes the way people think about making, purchasing, and enjoying furniture. We believe there’s a better path forward for furniture, one that’s rooted in quality and a core desire to create. It means more when you make it.
BEATRICE, Neb., October 8, 2021 (Newswire.com)
– For folks with a love of the backyard life, the sights and sounds of birds are a nearly unlimited source of entertainment, peace, and calm. Experts say one of the best ways to attract more birds to your yard is by adding bird feeders.
According to landscape designer Doug Scott, the growing popularity of birding has inspired more homeowners to invite birds into their backyard so they can enjoy them every day. Scott has partnered with Exmark on a new Done-In-A-Weekend Projects video that explores the different types of bird feeders and offers tips for the optimal mix and placement of bird feeders in the yard.
Some of the most common bird feeder types include tray-style feeders, house feeders, window feeders and tube feeders.
“I’m not going to recommend one type of bird feeder over another,” Scott said. “But what I am going to suggest is that you consider the advantages of each type of feeder and choose a mix of them, so you can create the best birding experience in your backyard.”
In the video, Scott demonstrates how to build a simple yet versatile wood bird feeder. Capable of being placed atop a pole, or hung from a tree branch or other support, Scott’s DIY bird feeder is a great first step for aspiring bird watchers or an excellent supplement to existing feeders in a yard.
When it comes to feeder placement, Scott advises to consider your point of view, as well as the birds’.
“Try to find a place with less human activity and noise,” Scott said. “Place your shelter near trees or shrubs, so birds will have a place to retreat if danger arrives.”
Most importantly, Scott said it’s essential to consider the birds’ safety when placing a bird feeder. Never place feeders in areas where chemicals are regularly sprayed, or in places that could put birds on a collision course with windows or the home itself.
Visit the Exmark Backyard Life site to download free step-by-step instructions, as well as tool and material lists for the DIY wood bird feeder. While you’re there, be sure to check out additional Done-In-A-Weekend Projects videos and other Exmark Original Series content, including Prime Cuts, Dream Yards and Living Rural.
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About Exmark Exmark Manufacturing was incorporated in May 1982 as an independent manufacturer of professional turf care equipment. Today, it is the leading manufacturer of commercial mowers and equipment for the landscape professional. In addition to designing, building and marketing quality turf care equipment, Exmark’s goal is total customer satisfaction. All Exmark products are designed to help customers increase productivity while delivering unmatched quality. Products are sold to distributors and dealers who share the company’s commitment to customer service and quality products. Learn more at Exmark.com.
About Backyard Life
With a focus on giving home and acreage owners tips and know-how to make the most of their outdoor experience and live more life outdoors, Backyard Life is a unique one-of-a-kind multimedia destination. Content focuses on lawn-and-garden, outdoor cooking and living, and rural lifestyles. Learn more at Exmark.com/Backyard.
Press Contact Matt Gersib (402) 314-2150 mattgersib@gmail.com
