Home Depot Forecasts Weaker 2024 Sales Below Estimates Amid Slowing Demand, Revenue Decline, Stock Drop
Home Depot forecasts weaker 2024 sales below Wall Street estimates due to slowing demand, marking a fifth consecutive quarterly revenue decline. Despite beating earnings and sales estimates, the company faces challenges as consumers opt for smaller home improvement projects. The stock drops after U.S. same-store sales miss, reflecting a downbeat outlook. Home Depot shares slide more than 3% before the opening bell on Tuesday.
Sources
TheStreet
The affordable housing crisis has hit Home Depot where it hurts https://t.co/r7YdjrD6yG
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Fast Company Home Depot shares slipped more than 3% before the opening bell Tuesday. https://t.co/azdnkVBdOx
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