Reported about 14 hours ago
Home Depot's stock rose 2% despite a mixed earnings report, which showed a 9.4% revenue increase to $39.86 billion but a decline in net earnings per share. Same-store sales fell by 0.3%, and CEO Ted Decker acknowledged challenges due to tariffs impacting consumer renovation projects. The company continues to navigate the uncertain tariff landscape, emphasizing its effort to diversify sourcing rather than raising prices, as it anticipates a cautious approach from consumers in the housing market.
Source: YAHOO