Home Depot Says Hurricane Demand Slows Sales Slump
Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as mortgage rates drop.
Home Depot expects smaller drop in annual sales as hurricane rebuild boosts quarter
Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations.
Home Depot Raises Outlook on Hurricane-Related Demand
Home Depot raises outlook on home-improvement materials, partially driven by damage caused by Hurricanes. The company expects future benefits from hurricane-related repairs, but not big ticket remodeling,
Home Depot sales see uptick from hurricane recovery
Home Depot reported better than expected sales during the prior three months as consumers relied on its products to help them recover from Hurricanes Helene and Milton.
Home Depot forecasts smaller drop in sales as hurricane demand boosts quarter
Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending. Shares of the top U.
Home Depot Q3: Additional Hurricane Related Demand
We recommend buying Home Depot stock at $450/share, despite the Q3 sales decline. The company is guiding for 4% revenue growth in FY24. Read more on HD here.
Retail Dive2d
Hurricane prep, recovery help drive Q3 growth at Home Depot
While Home Depot’s sales were up in Q3, that is largely attributable to the SRS acquisition, Neil Saunders, managing ...
The Daily Dot29d
‘Home Depot shouldn’t allow this’: Shopper slams Home Depot’s return policy after seeing what customers are returning
One of the silver linings of the latter hurricane, Hurricane Milton, is that it was not as severe as initially thought. While experts noted that the hurricane was a category 5 before it touched ...
The Victoria Advocate1mon
The Home Depot Foundation commits $3 million to hurricane relief efforts
Since Hurricane Helene devastated parts of the Southeast, Team Depot, The Home Depot's associate volunteer force, has packed more than 6,500 disaster relief kits including essentials like ...
Home Depot’s Q3 results top Wall Street as pullback in consumer spending eases a bit
Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe ...
Home Depot’s Strong Financial Performance and Promising Outlook: Buy Rating with $450 Price Target by 2025
J.P. Morgan analyst Christopher Horvers has maintained their bullish stance on HD stock, giving a Buy rating today. Christopher Horvers has ...
Investor's Business Daily on MSN1d
Home Depot 'Has Upside' As Earnings Outlook Improves, Sales Accelerate
Home Depot narrowed 2024 guidance early Tuesday after beating earnings and sales estimates for the third quarter. Home Depot ...