Louis shares rise after the store sales of the same stores to grow, the company raises 2025 expectations

Louie (a littleThe shares emerged early on Wednesday after retail stores raised their expectations for 2025 and reported a return to sales growth in the same store after a decrease in the year.

Louise stated that sales of the same stores increased by 1.1 %, and it is a return to growth yet Fall in the first three months From 2025, compared to 1.3 % expected Wall Street leap.

The company also A deal announced on Wednesday morning For foundation building materials for about $ 8.8 billion.

“This quarter, the company provided sales of positive companies driven by strong performance in both Pro and DIY.”

The stocks rose up to 3 % in the pre -market trade.

The home improvement chain told the share profits in the second quarter of $ 4.33 on the basis of modification, better than the Wall Street $ 4.24. Revenue came at $ 23.96 billion; The street expects revenues of 23.98 billion dollars, according to Bloomberg data.

It is worth noting that the company raised its directives for the fiscal year 2025, as it is expected that the total sales are now in the range of 84.5 billion dollars -85.5 billion dollars, an increase of a previous range of 83.5 billion dollars to 84.5 billion dollars, while the store’s sales itself is still expected to reach 1 % on an annual basis.

Its operational income reduced 12.1 % to 12.2 %, down from the previous range from 12.3 % to 12.4 %.

The uncertainty is still at the top of the mind as well. Louis sources 20 % of its sales from China, including elements such as ceiling fans, small devices and tools.

In the previous quarterly results call, Louise said it is sources of approximately 60 % of its sales from the United States. Executive officials told investors that the company is seeking to reduce exposure to China.

This is compared to the opponent Home warehouse (HDWho said that 50 % of its products are obtained locally. Tuesday, Home Depot((()HDHe was absent from profits, revenues, and the growth of store sales, but its shares increased by an increase of 3.3 % of store sales in July, indicating that the company gained momentum when it left the quarter.

Brock Dibalma is a great correspondent in Yahoo Financing. Follow it on x on @Brokedipalma Or send it by email to [email protected].

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