Reported 1 day ago
Home Depot and Lowe's are set to release their second-quarter financial results, which could give insight into whether affluent homeowners are beginning to spend on renovations despite high interest rates. Historically reliant on homeowners for major projects, these companies' executives suggest a potential shift in consumer behavior as some homeowners reconsider delaying renovations. Economic trends, inflation, and interest rates could influence spending patterns, with analysts predicting modest growth in sales for both retailers.
Source: YAHOO