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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 ...
The length of time between Black Friday and Christmas morning in 2024 is the shortest it has been in five years, with just 27 shopping days this year.
For 2024, Home Depot is expected to forecast roughly flat comparable sales, improving from an estimated 3.2% decline in 2023, according to LSEG data. Lowe's is likely to forecast a 1.1% drop ...
For the first quarter, Home Depot Inc. earned $3.6 billion, or $3.63 per share, down from the $3.87 billion, or $3.82 per share, it earned in the same period last year. But that was better than the $3.61 per share that Wall Street expected.
Home Depot remains focused on the strength of the professional builder and contractor side of its business and catering to the needs of those customers. In March Home Depot announced that it was buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion including debt. SRS provides ...
Here's what Home Depot reported, compared to Wall Street estimates, according to Bloomberg consensus: Revenue: $36.42 billion versus $36.66 billion Adjusted earnings per share: $3.63 versus $3.60
It projected full-year sales will grow between 2.5% and 3.5%, which includes the benefit of an extra week this year and Home Depot's recent acquisition of SRS Distribution, which distributes ...
Home Depot reported fourth-quarter sales of $34.79 billion, down from $35.83 in the prior-year period. Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024 ...
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