Cramer: Home Depot (HD) Trumps Lowe's (LOW) Right Where it Counts
Both Home Depot and Lowe's recently reported quarterly results, with both outfits beating consensus EPS views by three cents per share. Both also issued paltry guidance.
The key metric to look at with Home Depot and Lowe's is same-store sales (comps) growth. While Lowe's grew 1.9 percent, Home Depot came in with a gain of seven percent, which Cramer noted was the widest comps growth gap between the two in 13 years.
To boot, Home Depot also boosted its dividend and issued a stock buyback plan that was larger than Lowe's.
Cramer noted that Home Depot has better stores in better locations with a management team that knows how to execute.
Shares of Lowe's are down one percent while Home Depot is up 0.7 percent today.