Reported 2 months ago
Home Depot reported mixed second-quarter earnings with revenue of $43.18 billion, which fell short of expectations, but adjusted earnings per share exceeded forecasts. The company has revised its full-year outlook, anticipating a sales decline of 3 to 4%. Adam Baumgarten from Zelman Associates highlights that there has been a normalization in home improvement spending, suggesting potential growth for the company next year barring any recession-related impacts.
Source: YAHOO