_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 suite email delay 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: 125K times
✓ Published: 15-May-2024
👁 View: 125K 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
_here39s-your-travel-outlook-for-may-9.webp "Several areas of the country could endure weather-related travel delays on May 9.")
_it-feels-too-early-for-network-tv-to-start-canceling-shows-but-nbc-just-got-the-ball-rolling.webp "The TV season looks a bit different this year, given that the since-resolved SAG-AFTRA and WGA strikes had an impact on programming this year. With most shows returning in February this year, we’re truly still in the thick of 2024 network programming. Delays or not though, it’s a bit early to be thinking about cancellations at this point. However, such decisions have already been made over at NBC, it seems. The company got the ball rolling by dropping the ax on two series that fell under the umbrella of unscripted content. <br/><br/>NBC has officially canceled both \")
⏲ 1:15 👁 21.5M
_39top-gun-maverick39-interviews-with-miles-teller-jennifer-connelly-jay-ellis.webp "“Top Gun: Maverick” stars Miles Teller (Rooster), Jon Hamm (Cyclone), Jennifer Connelly (Penny Benjamin), Jay Ellis (Payback), Monica Barbaro (Phoenix), Glen Powell (Hangman), Greg Tarzan Davis Coyote), Danny Ramirez (Fanboy), Lewis Pullman (Bob), Charles Parnell (Warlock), Bashir Salahuddin (Coleman), plus producer Jerry Bruckheimer and director Joseph Kosinski discuss their highly anticipated “Top Gun” sequel in this interview with CinemaBlend’s Sean O’Connell. Find out how Tom Cruise surprised Jennifer Connelly with a flight, how the cast supported each other during the movie’s delay and more.")
_whyalla-steelworks-blast-furnace-has-been-damaged-delaying-its-estimated-restart-date.webp "The owners of the Whyalla steelworks have confirmed the plant’s blast furnace has been damaged during attempts to restart it. The latest problem at the troubled site means the pay of more than a thousand workers could be reduces for a lengthy period. The State Energy Minister says the government is gravely concerned and is sending its own experts to the Upper Spencer Gulf to see what is happening.")
_almost-a-decade-after-it-was-announced-darwin39s-half-a-billion-dollar-ship-lift-still-isn39t-built.webp "The Northern Territory government's $515 million ship lift project, which had previously faced significant cost overruns and delays, is now progressing as planned. A contract has been awarded to a US company to construct the facility. Construction has commenced at the Middle Arm site, with the ship lift expected to be operational by the end of 2026.")
⏲ 1:57 👁 2.5M
_senate-approves-36105-billion-bill-to-enhance-air-travel-safety-and-customer-service.webp "The Senate passed a 105 billion dollar bill to improve air travel safety and customer service before the law governing the FAA expired. The bipartisan bill aims to increase air traffic controllers, improve safety standards, and make it easier for customers to get refunds for delayed and canceled flights. The bill addresses FAA oversight, requires new safety technology to prevent collisions, mandates cockpit voice recorders, and improves accessibility. It also requires airlines to pay refunds for long delays, prohibits fees for families sitting together, and increases fines for consumer law violations. The House will consider the bill next week.")
_it-feels-too-early-for-network-tv-to-start-canceling-shows-but-nbc-just-got-the-ball-rolling.webp "The TV season looks a bit different this year, given that the since-resolved SAG-AFTRA and WGA strikes had an impact on programming this year. With most shows returning in February this year, we’re truly still in the thick of 2024 network programming. Delays or not though, it’s a bit early to be thinking about cancellations at this point. However, such decisions have already been made over at NBC, it seems. The company got the ball rolling by dropping the ax on two series that fell under the umbrella of unscripted content. <br/><br/>NBC has officially canceled both \")
⏲ 1:15 👁 4.1M
_arizona-supreme-court-grants-extension-delays-enforcement-of-near-total-abortion-ban.webp "The Arizona Supreme Court granted the request from Democratic Attorney General Kris Mayes to delay enforcement of Arizona's 1864 near-total abortion ban by an additional 90 days. This pushes back the potential enforcement date from June 27th to September 26th. In the interim, abortions in Arizona are governed by a 15-week ban passed in 2022, which makes exceptions for medical emergencies but not for rape or incest. Reproductive rights groups are trying to get a constitutional amendment protecting abortion access on the November ballot.")
_here39s-your-travel-outlook-for-may-9.jpg)
_it-feels-too-early-for-network-tv-to-start-canceling-shows-but-nbc-just-got-the-ball-rolling.jpg)
_39top-gun-maverick39-interviews-with-miles-teller-jennifer-connelly-jay-ellis.jpg)
_whyalla-steelworks-blast-furnace-has-been-damaged-delaying-its-estimated-restart-date.jpg)
_almost-a-decade-after-it-was-announced-darwin39s-half-a-billion-dollar-ship-lift-still-isn39t-built.jpg)
_senate-approves-36105-billion-bill-to-enhance-air-travel-safety-and-customer-service.jpg)
_it-feels-too-early-for-network-tv-to-start-canceling-shows-but-nbc-just-got-the-ball-rolling.jpg)
_arizona-supreme-court-grants-extension-delays-enforcement-of-near-total-abortion-ban.jpg)
![[+]](/images/menu.gif){kind=small}