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Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Home Depot's sales continued to weaken in its fiscal fourth quarter, as the country's largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation. While its quarterly results topped analysts' expectations, it provided a soft sales forecast for fiscal 2024. Shares slipped before the market open on Tuesday.
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Source: gpb.org

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