Stock Market News

Home Depot raises annual same-store sales forecast

11/12/2024

Less than a minute

2024.11.12 06:12

© Reuters. FILE PHOTO: A man pushes his shopping cart down an aisle at a Home Depot store in New York, July 29, 2010. Picture taken July 29, 2010. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Home Depot (NYSE:) 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.

The top U.S. home improvement chain now expects a fall in comparable sales of 2.5% for fiscal year 2024, from its prior range of a 3% to 4% drop.

11/12/2024

Less than a minute

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