US EditionPublished • loading... • Updated
A 40-Year Freeze: Home Depot Sounds The Alarm On Housing Turnover - Home Depot (NYSE:HD)
Home Depot's same-store sales rose only 0.2% last quarter as high mortgage rates and tariffs push homeowners toward smaller projects, CEO says.
Summary by Benzinga
3 Articles
3 Articles
Home Depot sales slow down
(CNN)– Home Depot announced a slowdown in business, and it’s not a good sign for the economy. The home improvement giant said sales at its stores open for at least one year rose just .2% last quarter. It also cut its profit forecast for the year. Home Depot is considered a bellwether for U.S. consumers and the housing market. The company’s CEO attributed the slowdown to cautious consumers and a frozen housing market. Categories: News T…
·Columbia, United States
Read Full ArticleCoverage Details
Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
