By A Mystery Man Writer
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 sales drop reflects slowdown in housing market – Daily News
Credit Card Services - The Home Depot
Charted: The Biggest Retailers in the U.S. by Revenue
Home Depot: A 10-Year, Full-Cycle Analysis (NYSE:HD)
News Articles Georgia Public Broadcasting
Stuart Brisgel on LinkedIn: Home Depot posts worst revenue miss in about 20 years, lowers forecast as…
Home Depot Is A Hold Currently (NYSE:HD)
Chart: : Not Just an Online Store
Daily news for May 16, 2023
Home Depot tops estimates as customers spend on small projects
Financial Forecasting Guide - Learn to Forecast Revenues, Expenses