Home Depot beats earnings, sales estimates even as consumers take on smaller home improvement projects
Publishing timestamp: 2024-02-20 10:56:30
Summary
Home Depot beat earnings and revenue estimates despite a sales decline, expects sales to rise in fiscal 2024, plans to open new stores. The company sees a return to growth as demand conditions normalize, but faces challenges from falling lumber prices, rising interest rates, and a shift in consumer spending habits.
Sentiment: MIXED
Tickers: HD,
Keywords: home depot inc, real estate, business, breaking news: earnings, earnings, retail industry, business news, breaking news: business,
Source: https://www.cnbc.com/2024/02/20/home-depot-hd-q4-2023-earnings.html