1112 ET - Home Depot and Lowe's might report a better 4Q than Wall Street expects given recent results from the home-improvement chains' suppliers, Stanley Black & Decker, Sherwin-Williams and Scotts Miracle-Gro, Davidson analyst Michael Baker says in a research note. Stanley Black & Decker reports 2% organic growth in tools and outdoor products, an improvement from the 4% decline last quarter and the best increase since 2Q of 2021, the analyst says. Sherwin-Williams' consumer brands business, which is Lowe's main paint supplier, was flat in North America instead of down in the high-single digit percentage range like the three prior quarters, he says. And Scotts Miracle-Gro showed an acceleration of its gains from the prior quarter, the analyst says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 11:13 ET (16:13 GMT)
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