_home-depot-beats-q1-earnings-expectations-but-revenue-falls-short-as-customers-delay-renovation-projects.jpg "Home Depot Beats Q1 Earnings Expectations, but Revenue Falls Short as Customers Delay Renovation Projects from sandal negative inc Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 300K times
✓ Published: 15-May-2024
👁 View: 300K times
✓ Published: 15-May-2024
Description:
Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_down-but-not-out-124-shark-tank-india-124-season-2-124-flatheads-124-full-pitch.webp "Shark Tank India")
⏲ 23 minutes 34 seconds 👁 2.6M
_how-not-to-waste-your-life-124-sandals-church.webp "Sandals Church")
_milton-keynes-citizen-morning-update-16-may-2024.webp "Police admit failings in tragic case of Leah Croucher from Milton Keynes<br/><br/>Milton Keynes prison officer who was a hero in the London Bridge terrorist attack encourages others to join the service<br/><br/>Depressing park on Milton Keynes estate is given while new lease of life in community project<br/><br/>Almost 75% of adults in Milton Keynes do not eat their five a day fruit and veg, research proves<br/><br/>\")
_tiktok-magician-does-insane-magic-trick-shorts.webp "Wian")
_us-raises-tariffs-on-chinese-evs-92.webp "CGTN Europe interviewed Professor Jeffrey Sachs, a renowned American economist and public policy analyst.")
_5-things-american-tourists-shouldn39t-wear-in-europe.webp "Wolters World")
_how-to-fight-mental-illness-with-jesus-124-pastor-matt-brown-124-sandals-church-sermon.webp "Sandals Church")
⏲ 49 minutes 29 seconds 👁 25.8K
_she39s-not-your-fiance-full-episode-2024.webp "She's Not Your Fiancée Full Episode 2024")
_down-but-not-out-124-shark-tank-india-124-season-2-124-flatheads-124-full-pitch.jpg)
_how-not-to-waste-your-life-124-sandals-church.jpg)
_milton-keynes-citizen-morning-update-16-may-2024.jpg)
_tiktok-magician-does-insane-magic-trick-shorts.jpg)
_us-raises-tariffs-on-chinese-evs-92.jpg)
_5-things-american-tourists-shouldn39t-wear-in-europe.jpg)
_how-to-fight-mental-illness-with-jesus-124-pastor-matt-brown-124-sandals-church-sermon.jpg)
_she39s-not-your-fiance-full-episode-2024.jpg)
![[+]](/images/menu.gif){kind=small}