Home Depot Kicks Off Retail Earnings With Falling Sales. The Stock Trades Lower.
Home Depot missed expectations for first-quarter revenue as high interest rates weigh on consumer demand for discretionary purchases.Home Depot reported first-quarter earnings of $3.63 a share. Revenue came to $36.
Home Depot Posts a Sixth Sales Drop Amid Housing Market Woes
Home Depot Inc.’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.
Home Depot posts bigger-than-expected quarterly comparable sales drop
Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious homeowners shelled out less for big-ticket purchases while focusing on small-scale repairs.
Home Depot Kicks Off Retail Earnings. Wall Street Expects Falling Sales.
Continued slow sales of housing likely took a toll on Home Depot’s first-quarter revenue, so Wall Street is well prepared for soft financial results from the retailer. Home Depot is scheduled to release its first-quarter earnings before the market opens on Tuesday.
Home Depot Launches Retail Earnings Season Amid Expectations of Declining Sales on Wall Street
Analysts are forecasting a decline in Home Depot’s revenue by approximately 1.7% year-over-year, with same-store sales expected to drop by 2.2%. Adjusted earnings per share are
Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first ...
Home Depot’s sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was ...
Home Depot (NYSE:HD) Misses Q1 Revenue Estimates
Home improvement retail giant Home Depot (NYSE:HD) fell short of analysts' expectations in Q1 CY2024, with revenue down 2.3% ...
Home Depot Q1 earnings dip on back of weak sales in challenging environment
Home improvement retailer Home Depot reported marginally disappointing Q1 2024 financial results today. Ted Decker, Home ...
Home Depot Sales Fall Due to Late Spring, High Interest Rates
Home Depot reported lower-than-expected quarterly sales, citing a delayed start to spring and continued interest-rate pressure on spending for big projects. Shares edged lower to $338.00 in premarket ...
Biden tariffs target China, Home Depot reports: Yahoo Finance
The White House announced a 'strategic' wave of new tariffs on numerous imports from China. The move raises tariffs on $18 ...
The Home Depot, Inc. Q1 Income Declines
The Home Depot, Inc. (HD) reported earnings for first quarter that decreased from last year The company's earnings totaled $3.60 ...
Home Depot reports mixed Q1 results; reaffirms FY24 outlook
Q1 GAAP EPS of $3.63 beats by $0.04. Revenue of $36.4B (-2.4% Y/Y) misses by $250M. Comparable sales for the first quarter of fiscal 2024 ...
Home Depot earnings show signs of a consumer pullback
US shoppers under pressure are expected to spend less at Home Depot, but the home improvement retailer may make up some of ...
Home Depot Reaffirms FY24 Guidance - Update
The Home Depot (HD) reaffirmed its fiscal 2024 guidance, which includes 53 weeks of operating results. The company expects 53-week ...