Reported about 4 hours ago
Home Depot has forecasted an unexpected drop in its annual profit for 2025, citing a weak housing market and high interest rates that have led consumers to become more cautious. The company anticipates a 2% decline in adjusted profit-per-share, with a modest expected rise in annual comparable sales at 1%. The retail giant's forecast comes as U.S. retail sales dipped, and many customers have shifted focus from costly home improvement projects to repairs and maintenance.
Source: YAHOO