Reported about 8 hours ago
Home Depot has reported a recovery in same-store sales for the fourth quarter, ending a two-year decline as customer demand improved despite challenging conditions in the housing market. The company's revenue rose to $39.7 billion, surpassing expectations, with a 0.8% increase in sales at stores open for at least a year. CEO Ted Decker noted that customer transactions increased by 7.6%, signaling a possible turnaround in the home improvement sector, though expectations for earnings per share are projected to decline slightly this year.
Source: YAHOO