Wall Street Unplugged - What's Really Moving These Markets cover image

Retailers are in big trouble

Wall Street Unplugged - What's Really Moving These Markets

00:00

Cut Costs and Cut Employees Hate That They're Going to Rake the Salary

Home Depot reported 35.8 billion in sales, a 0.3% increase over last year. The company is trading at 18 times forward earnings and analysts have lowered their estimates for next year's results. But the company said they're spending an additional $1 billion to raise compensation for our lean employees. "It's not going to be easy for Home Depot to cut costs to beat these analysts"

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