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It now expects same-store sales to fall between 3% to 4% compared to a prior forecast calling for a 1% decline. Management said the low end of its guidance assumes additional pressure on consumer ...
August 13, 2024 at 7:22 AM. Ting Shen/Bloomberg/Getty Images. Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less to remodel their homes. The home ...
On Tuesday, the home improvement retailer reported revenue of $43.18 billion, compared to $43.79 billion expected, while adjusted earnings per share came in at $4.67, compared to estimates of $4.52.
The Home Depot, Inc. is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. [4] In 2021, the company had 490,600 employees and more than $151 billion in ...
In 1978, both he and future Home Depot co-founder Arthur Blank were fired during a corporate power struggle at Handy Dan. In 1978, they co-founded the home-improvement retailer The Home Depot, with the help of merchandising expert Pat Farrah and New York investment banker Ken Langone who assembled a group of investors. The first two stores ...
Home Depot CEO Ted Decker blamed high interest rates and economic uncertainty for causing consumers to grow more cautious. "During the quarter, higher interest rates and greater macro-economic ...
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