Home Depot’s sales are improving, but it says consumers are still cautious about spending
Publishing timestamp: 2024-11-12 16:27:27
Summary
Home Depot posted better-than-expected earnings and revenue, boosted by acquisitions, hurricane-related repairs, and warmer weather. However, consumers are cautious due to high interest and mortgage rates. The company raised its full-year outlook but reported a drop in net income and comparable sales. Despite challenges, Home Depot's stock is up this year. The company is also facing potential price pressures from tariffs on imported goods.
Sentiment: MIXED
Tickers: HD,
Keywords: retail industry, earnings, breaking news: business, donald trump, home depot inc, business, business news,
Source: https://www.cnbc.com/2024/11/12/home-depot-hd-earnings-q3-2024.html