Home Depot Cuts Sales Forecast Amid Consumer Caution
More news - Breaking news Home improvement giant Home Depot reported stronger-than-expected quarterly earnings Tuesday, but issued a cautious outlook for the rest of the year. The company cited a growing sense of uncertainty among consumers as the primary factor driving the downward revision to its sales forecast. Despite beating analysts’ estimates for the quarter, Home Depot now expects comparable sales to decline 3%-4% for the full year, a steeper decline than its previous estimate of a 1% decline. While the company’s recent acquisition of SRS Distribution is expected to boost overall revenue, it won’t be enough to offset expected…




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