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.
Live news updates from November 24: Hopes rise for UK rail
Keeping Current Matters
Tue, 26 Mar 2024 05:18:09 GMT
Tue, 26 Mar 2024 05:18:09 GMT
Home Depot full year sales lower
Home prices are finally falling. But how low will they go?
Home Depot sales fell. Why is Buffett in on homebuilder stocks?
Ted Decker's Instagram, Twitter & Facebook on IDCrawl
Tue, 26 Mar 2024 21:48:11 GMT
7 Months of QT Down
Causes and consequences of the strong dollar
Stocks tumble in worst day since May, as tech shares slide and
Pending Home Sales Drop to Lowest Level Since Pandemic Onset
MICHELLE CHAPMAN AP Business Writer, Author at Sentinel Colorado
Home Depot Earnings: Retailer Projects First Annual Sales Decline