UPDATE 1-Stock Spirits earnings rise on higher consumption at homes

(Adds details, background, CEO comment)

Dec 2 (Reuters) – Vodka maker Stock Spirits posted a higher annual core profit and proposed a special dividend on Wednesday as people staying at home due to the COVID-19 pandemic drove demand, supported by staycations-driven consumption boost during the summer.

The maker of 1906, Stock Prestige and Vodka No.1 said adjusted earnings before interest taxes depreciation and amortization rose to 71 million euros ($85.78 million) for the year ended Sept. 30 from 67 million euros a year earlier.

Stock Spirits saw strong volume growth in both Poland and the Czech Republic, which account for three-quarters of the company’s revenue, as people stocked up alcohol during lockdowns.

However, sales of alcoholic beverages to bars and restaurants have been hit due to virus curbs, with the world’s largest spirits makers Diageo and Pernod Ricard warning of a sales hit a few months back.

Stock Spirits proposed

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Monmouth Real Estate Investment Corporation (MNR) CEO Michael Landy on Q4 2020 Results – Earnings Call Transcript

Monmouth Real Estate Investment Corporation (NYSE:MNR) Q4 2020 Earnings Conference Call November 24, 2020 10:00 AM ET

Company Participants

Becky Coleridge – Vice President, Investor Relations

Michael Landy – President & Chief Executive Officer

Richard Molke – Vice President, Asset Management

Kevin Miller – Chief Financial Officer & Chief Administration Officer

Eugene Landy – Chairman

Conference Call Participants

Rob Stevenson – Janney

Frank Lee – BMO Capital Markets

Gaurav Mehta – National Securities

Michael Carroll – RBC Capital Markets

Mike Mueller – JPMorgan

Craig Kucera – B. Riley FBR

Barry Oxford – D.A. Davidson

Operator

Good morning and welcome to the Monmouth Real Estate Investment Corporation’s Fourth Quarter and Fiscal Year-End 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

It is now my pleasure to

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Home Depot and Lowe’s earnings boosted by pandemic-induced ‘nesting’

When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals, they began checking off tasks on the to-do list, from painting walls to replacing old appliances.

Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as consumers invested in one of the aspects of life that’s brought comfort: their homes. Both companies expect this trend to outlast the pandemic.

The uptick in DIY projects and home renovations translated to a jump in sales online and in stores. Home Depot’s same-store sales in the U.S., which includes sales online and at stores open at least 12 months, soared 24.6% in the quarter. Lowe’s same-store sales, including online sales and those at stores open at least 13 months, jumped by about 30%.

Like other retailers, the companies have seen a shift toward online spending — with many customers picking

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Home Depot (HD) CEO, Craig Menear on Q3 2020 Results – Earnings Call Transcript

The Home Depot Inc. (NYSE:HD) Q3 2020 Earnings Conference Call November 17, 2020 9:00 AM ET

Company Participants

Craig Menear – Chairman, Chief Executive Officer

Ted Decker – President, Chief Operating Officer

Richard McPhail – Executive Vice President, Chief Financial Officer

Mark Holifield – Executive Vice President, Supply Chain and Product Development

Isabel Janci – Vice President, Investor Relations

Conference Call Participants

Christopher Horvers – JP Morgan

Scot Ciccarelli – RBC Capital Markets

Michael Lasser – UBS

Karen Short – Barclays

Kate McShane – Goldman Sachs

Simeon Gutman – Morgan Stanley

Chuck Grom – Gordon Haskett

Michael Baker – DA Davidson

Zach Fadem – Wells Fargo

Steve Forbes – Guggenheim

Operator

Greetings and welcome to the Home Depot third quarter 2020 earnings call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance

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Home Depot (HD) Tops Q3 Earnings & Sales Estimates, Stock Down

The Home Depot, Inc. HD has posted third-quarter fiscal 2020 results, wherein earnings and sales beat the Zacks Consensus Estimate and improved year over year. The company gained from the continued strong demand for home improvement projects as customers spent more time at home during the coronavirus pandemic.

Home Depot has undertaken significant actions to support and reward associates all through the pandemic, with expanded paid time-off, and the temporary weekly bonus program for hourly associates in stores and distribution centers. The company is now moving from the temporary programs and plans to invest in a permanent compensation enhancement program for frontline hourly associates. This is likely to result in the company recording about $1 billion toward incremental compensation on an annualized basis.

Shares of the home-improvement retailer declined 2.4% in the pre-market session despite better-than-expected results in third-quarter fiscal 2020. Moreover, the Zacks Rank #3 (Hold) stock has rallied

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Home Depot Tumbles as Earnings Top Projections

The MarketWatch News Department was not involved in the creation of this content.

Nov 17, 2020 (Baystreet.ca via COMTEX) —
Home Depot (NYSE:HD) on Tuesday reported third-quarter earnings that beat estimates as consumers continued to focus on home improvement during the coronavirus pandemic and sales surged 24% from a year ago.

The home improvement retail giant said some of its temporary employee compensation programs that it implemented during the pandemic will become permanent wage increases, which will result in $1 billion of additional compensation expenses per year.

Home Depot previously said it had spent $1.3 billion through Aug. 2 on additional compensation costs due to Covid-19 in 2020. On Tuesday, it did not provide updated year-to-date additional compensation costs.

During the fiscal third quarter ended Nov. 1, Home Depot’s net income surged 24% to $3.43 billion, or $3.18 per share, up from $2.77 billion, or $2.53 per share, a year

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Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat

Home Depot Inc. posted stronger-than-expected third-quarter earnings Tuesday while noting it plans to spend around $1 billion on bonuses and compensation increases for its frontline workers.



Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat


© TheStreet
Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat

Home Depot said earnings for the three months ending on November 1 were pegged at $3.18 per share, up 25.7% from the same period last year and 13 cents ahead of the Street consensus forecast. Group revenues, Home Depot said, rose 23% to $33.5 billion, again topping analysts’ estimates of a $32 billion tally.

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Same-store sales, Home Depot said, surged 24.1% from last year, with a 24.6% gain for its U.S. operations, a figure that was firmly ahead of the Refinitiv forecast of 14.5%, as customers splashed-out on home improvements amid a record run for U.S. house prices.

“The third quarter was another exceptional quarter for The

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Home Depot (HD) beats Q3 2020 earnings, makes pandemic raises permanent

Home Depot on Tuesday reported third-quarter earnings that beat estimates as consumers continued to focus on home improvement during the coronavirus pandemic and sales surged 24% from a year ago.

The company said some of its temporary employee compensation programs that it implemented during the pandemic will become permanent wage increases, which will result in $1 billion of additional compensation expenses per year. Home Depot previously said it had spent $1.3 billion through Aug. 2 on additional compensation costs due to Covid-19 in 2020. On Tuesday, it did not provide updated year-to-date additional compensation costs.

Despite the higher-than-expected earnings, Home Depot stock fell more than 2% in premarket trading. In an interview on CNBC’s “Squawk Box,” Brian Nagel, senior analyst at Oppenheimer, attributed the move to concerns that Home Depot’s gains during the pandemic aren’t sustainable.

Nagel added that the permanent compensation plans Home Depot is now offering to employees

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Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat; Shares Slide

Home Depot Inc. posted stronger-than-expected third quarter earnings Tuesday, while noting it plans to spend around $1 billion on bonuses and compensation increases for its frontline workers.



Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat; Shares Slide


© TheStreet
Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat; Shares Slide

Home Depot said earnings for the three months ending on November 1 were pegged at $3.18 per share, up 25.7% from the same period last year and 13 cents ahead of the Street consensus forecast. Group revenues, Home Depot said, rose 23% to $33.5 billion, again topping analysts’ estimates of a $32 billion tally.

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Same-store sales, Home Depot said, surged 24.1% from last year, with a 24.6% gain for its U.S. operations, a figure that was firmly ahead of the Refinitiv forecast of 14.5%, as customers splashed-out on home improvements amid a record run for U.S. house prices.

“The third quarter was another exceptional

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Beazer Homes (BZH) Shares Rise on Q4 Earnings & Revenue Beat

Beazer Homes USA, Inc. BZH shares climbed 2.7% after it reported fourth-quarter fiscal 2020 results, wherein earnings and revenues handily beat the respective Zacks Consensus Estimate. The company also guided double-digit EPS growth for fiscal 2021.

Chairman and CEO Allan P. Merrill said, “With our deleveraging objective of reducing debt below $1B clearly in sight, we expect increased land and development spending during 2021 will allow us to increase the number of lots we own or control through options by year end, which we believe positions us for top and bottom-line growth in the years ahead”.

Earnings & Revenue Discussion

Fiscal fourth-quarter net income from continuing operations was $24.6 million. It included one-time items related to loss on debt extinguishment, inventory impairments and abandonments, as well as restructuring and severance charges. Excluding these items, the company generated net income from continuing operations of $25.6 million compared with $23.8 million in

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