Home Depot Sales Slump

Home Depot Sales Slump

Home Depot, the leading home improvement retailer, reported a disappointing earnings report, with sales 2.7 below Wall Street's estimates. This decline is significant for the broader market, as the retailer holds substantial weight in the Dow Jones Industrial Average and the S&P 500. Comparable sales also declined by 4.5, transaction volume fell by 4.8, and average ticket size remained relatively flat. Home Depot has lowered its full-year projections for EPS and revenue growth due to the weak first quarter and continued uncertainty surrounding consumer demand.


User: Benzinga

Views: 19

Uploaded: 2023-05-16

Duration: 00:37

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