More - Colin McGranahan Quotes

Bad weather and the war did affect Lowe's sales in the quarter. That's the logical assumption. But whether that was 100 percent of the reasons for disappointing sales remains to be seen. If Home Depot reports better earnings and the comparable sales gap between Home Depot and Lowe's narrows, that will raise questions,

Colin McGranahan

 

Overall, (Best Buy) reported solid fourth-quarter results, although the bottom line was not as strong as the 'whisper' numbers.

Colin McGranahan

 

Even Home Depot's generally positive meeting yesterday was somewhat marred by the release of poor December housing starts.

Colin McGranahan

 

You've got ying and yang going on here. You've got a decent company-specific story and confidence with the strategy, but you also have an incremental worsening situation on the housing front and no visibility into any good news.

Colin McGranahan

 Company

(Best Buy's) quarter was disappointing. While (Best Buy) is clearly focused on reducing expense growth, this issue will continue to weigh on fourth-quarter results, thus limiting the upside in a solid environment.

Colin McGranahan

 

I think he did a very good job, and the results speak for themselves.

Colin McGranahan

 

He probably wants to crank it back a notch.

Colin McGranahan

 

Best Buy is one of the strongest retailers in the U.S. today. It is dominating in its core big-box consumer electronics format and has three-to-four more years of continued store expansion, which will add over $2 billion to revenues annually.

Colin McGranahan

 

It was clearly a TV- and MP3-centric Christmas, and this was a category that really did perform well. And the promotional environment was not too bad.

Colin McGranahan

 

Home Depot is taking the right steps given the environment. No one is immune from that environment.

Colin McGranahan

 Environment