Home Depot hits the brakes: Three-year robust sales run ends …

May 16, 2023 · Home Depot said sales fell 4.5% at stores open at least a year during its latest quarter, and its income decreased 6.4% from the same stretch a year ago. Total revenue for …

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Home Depot Hits The Brakes: Three-year Robust Sales Run Ends …

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May 16, 2023 · Home Depot said sales fell 4.5% at stores open at least a year during its latest quarter, and its income decreased 6.4% from the same stretch a year ago. Total revenue for …

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Home Depot Hits The Brakes: Three-year Robust Sales Run Ends

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May 16, 2023 · Home Depot said sales fell 4.5% at stores open at least a year during its latest quarter, and its income decreased 6.4% from the same stretch a year ago. Total revenue for …

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Home Depot’s Sales Are Improving, But It Says Consumers Are

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Home Depot's net income for the fiscal third quarter dropped to $3.65 billion, or $3.67 per share, from $3.81 billion, or $3.81 per share, in the year-ago period. Revenue climbed 6.6% from …

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Home Depot Sales Continue To Slide But The Biggest Home …

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Nov 14, 2023 · Home Depot now expects an earnings per share to decline between 9% and 11% in 2023 and same store sales to fall 3% to 4%. The company previously anticipated an …

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Home Depot Sales Continue To Slide But The Biggest Home …

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Nov 14, 2023 · Home Depot earned $3.81 billion, or $3.81 per share, topping the $3.76 per share that industry analysts had expected, but it's down from last year when the Atlanta company …

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Home Depot Sees First Annual Sales Decline In More Than A Decade …

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Home Depot Inc. now expects sales and same-store sales to decline between 2% and 5% this year. Several months ago, the company said it expected sales to be flat compared with 2022.

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FAQs about Home Depot hits the brakes: Three-year robust sales run ends … Coupon?

Did Home Depot keep its strong sales streak going?

Home Depot couldn’t keep its protracted robust sales streak going any longer. The home improvement chain reported a dismal quarter as consumer spending on home improvement projects – which was buoyed by the stay-at-home pandemic lifestyle – come to a screeching halt. ...

Why did Home Depot lose a quarter?

The retailer posted disappointing sales for its first quarter and lowered its outlook for the year after customers slowed their spending. Home Depot (HD) said sales fell 4.5% at stores open at least a year during its latest quarter, and its income decreased 6.4% from the same stretch a year ago. ...

How did Home Depot perform in the third quarter?

Those dynamics persisted in recent months, McPhail said. Home Depot's net income for the fiscal third quarter dropped to $3.65 billion, or $3.67 per share, from $3.81 billion, or $3.81 per share, in the year-ago period. Revenue climbed 6.6% from $37.71 billion in the year-ago period. Comparable sales fell 1.3% in the quarter across the business. ...

How much will Home Depot's sales decline in the 52-week period?

The company expects comparable sales to decline about 2.5% for the 52-week period. Home Depot previously projected that industry metric, which includes the company's website and stores open for more than a year, would drop by 3% to 4% compared with the prior fiscal year. ...

Why did Home Depot cut its forecast in August?

Home Depot's sales have gotten hit by economic factors, as higher interest rates slow housing turnover and more than two years of high inflation makes homeowners less willing to spring for discretionary purchases and do-it-yourself projects. The company had cut its full-year forecast for comparable sales in August, citing consumer uncertainty. ...

What happened to Home Depot's third-quarter revenue?

Third-quarter revenue slipped 3% to $37.71 billion, Home Depot Inc. said Tuesday, which is better than the $37.52 billion that Wall Street was expecting, according to a survey of analysts by Zacks Investment Research. Sales at stores open at least a year, a key gauge of a retailer’s health, dropped 3.1%. In the U.S., they declined 3.5%. ...