Home Depot Adjusts To Pre-Pandemic Consumer Behavior
Portfolio Pulse from Upwallstreet
Home Depot (NYSE:HD) reported Q2 earnings, beating both revenue and earnings estimates despite a 2% YoY drop in revenue to $42.92 billion. The company reiterated its muted full-year guidance, expecting sales to drop between 2% and 5% YoY. Home Depot CFO Richard McPhail noted that consumers are not keen on making big-ticket discretionary purchases, but the number of shopper transactions began to rise. Walmart Inc (NYSE:WMT) and The TJX Companies Inc (NYSE:TJX) are also set to release their quarterly results.
August 15, 2023 | 3:26 pm
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NEUTRAL IMPACT
Home Depot beat Q2 estimates but expects a drop in full-year sales. Consumer behavior is shifting towards smaller purchases.
Despite beating Q2 estimates, Home Depot's expectation of a drop in full-year sales and the shift in consumer behavior towards smaller purchases could impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The TJX Companies is set to release its quarterly results.
The upcoming release of The TJX Companies' quarterly results could impact the stock's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Walmart is set to release its quarterly results.
The upcoming release of Walmart's quarterly results could impact the stock's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50