Home Depot sees first annual sales decline in more than a decade
After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares lower at the opening bell. Home Depot on Tuesday projected its first decline in annual revenue since 2009 in the aftermath of the bursting of the housing bubble and financial crisis. It was a rough start to a busy week of retail earnings and the numbers from the nation’s biggest home improvement chain dragged down retails stocks as well as the Dow. Shares in rival Lowe’s fell harder than Home Depot.
Home Depot Earnings Beats Expectations. It Sees Another 'Year of Moderation' Ahead. - Barron's
Charted: The Biggest Retailers in the U.S. by Revenue
Tue, 26 Mar 2024 05:18:09 GMT
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Overnight Team Jobs At The Home Depot Retail Careers, 42% OFF
Home Depot sees first annual sales decline in more than a decade as people cut spending