家得宝:可比销售额同比下降0.3% HMI和营建许可等高频数据疲软

东吴证券(香港)
22 May

25Q1 业绩符合预期,可比销售额同比-0.3%。2025Q1,营收同比+9.4%至398.6 亿美元(收购SRS 导致),可比销售额同比-0.3%但美国同比+0.2%;净利润同比-4.6%至34.3 亿美元;EPS 同比-5.0%至3.45 美元/股。业绩基本符合我们预期,美国潜在经济环境面临不确定性,高利率环境下大型改造项目持续面临压力。公司25Q1 营运数据同比改善。25Q1,客户交易次数...

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