Reported about 18 hours ago
Home Depot's CEO Edward Decker expressed that he does not expect a significant rebound in housing turnover rates, which remain low amid high mortgage rates. The company projects only modest growth in same-store sales and noted ongoing challenges in the housing market that are likely to persist. Although there were slight improvements in Q4 sales, the outlook remains cautious, with executives highlighting only specific areas like appliances experiencing stronger demand.
Source: YAHOO