Home Depot reported its sixth consecutive quarterly decline in sales due to high interest rates, a weak housing market, and lower demand for big-ticket items. The big-box retailer struggled to overcome these challenges, leading to revenue below estimates and a difficult economic environment.
Home Depot has posted 6 quarters in a row of negative comp sales growth. How long until this turns back around? $HD https://t.co/ZQiF8m1mzA
"Home Depot: Bet on US Soft Landing After Q1 FY24" $HD $LOW Down 14% since March; 22.5x P/E, 2.6% div. We see FY23 EPS as close to normal FY24 guide 1% lower Q1 comp sales -2.8% (late spring) MSD-HSD EPS CAGR target; we see more 36% upside (12.5% IRR) https://t.co/r37IvlgsJa https://t.co/sPo65lHCSa
🇺🇸 Home Depot sales fall in Q1 on soft housing market https://t.co/y0F5xky0ow
Home Depot’s sales continue to soften in 2024 https://t.co/fCRbMeS0aE https://t.co/sxcEHBjpy9
Home Depot's sales continued to soften in the first quarter as the nation's largest home improvement retailer was not only constrained by high mortgage rates and higher inflation for its customers, but it also had to deal with a delayed start to spring. https://t.co/KaArpbsb4p
Home Depot posted quarterly revenue below estimates, as high interest rates hurt sales. @JimCramer says companies like $HD are "challenged" in this economic environment. @CNBC @CarlQuintanilla @DavidFaber https://t.co/4C7arZCu7A
Home Depot’s string of negative sales extended into a sixth straight quarter as the big-box retailer struggles to overcome a weak housing market and lower demand for big-ticket items https://t.co/A6FXAeznzm https://t.co/oG8x2dd2Ih
Home Depot reported its sixth quarterly sales decline in a row amid a cooling construction market, 30 year low in home sales volume #MacroEdge
$HD (-1.2% pre) Home Depot misses on revenue, as high interest rates hurt sales - CNBC https://t.co/FoaWPMs1bB