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ATLANTA, Feb. 20, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported fourth quarter and fiscal 2023 results. ...
(Bloomberg) -- Home Depot Inc. reported a fifth straight comparable sales decline, underscoring a drop in demand for house improvement due to high mortgage rates and a slowdown in construction. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fed Delays CutsWall Street’s Moelis Bet Big on the Mi
Home Depot has seen sales slow as consumers buy fewer big-ticket items and spend on experiences instead of goods.
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
Home Depot, a bellwether of the housing market and US economy, said sales dropped over the winter and it’s a expecting a slow 2024.