In the first quarter, Home Depot reported a revenue increase to $39.86 billion, surpassing analysts' expectations. This rise came as customers engaged more in smaller home projects, despite broader market uncertainties due to tariffs and inflation. Home Depot upheld its sales growth forecast of 2.8%. The company noted a slight decline in same-store sales and underscored how elevated mortgage rates have deterred homeowners from larger renovations. Overall, the home improvement sector faces challenges as the housing market continues to slump.
Home Depot's revenue climbed in the first quarter, proving resilient amid a broader trend of declining home sales, as customers engaged in smaller projects.
Despite concerns over inflation and increased borrowing costs affecting larger home improvement projects, Home Depot's first quarter results aligned with expectations.
Collection
[
|
...
]