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Anxiety about the economy has held back consumer spending, the biggest U.S. home improvement retailer said Tuesday. Home Depot predicted that 2024 sales would fall 3 percent to 4 percent at stores ...
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.
Aug 13 (Reuters) - Home Depot (HD.N), opens new tab warned of a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as weak discretionary spending dampened ...
Americans are putting off major upgrades to their homes as they await lower interest rates and amid ongoing unease about the U.S. economy, Home Depot said Tuesday. The company lowered its sales ...
Home Depot's CFO characterized the moment as one of a "deferral mindset" in consumer spending. It's a challenging time to be a home-improvement retailer. While consumer spending is down in part ...
Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less on major home renovation projects. The home improvement giant, a bellwether of consumer spending and ...