Home Depot Exec Says Going To Open 13 Stores This Year; 9 Of Them Will Be In The Back Half Of The Year
Portfolio Pulse from Benzinga Newsdesk
Home Depot executive announced at the Goldman Sachs Conference that the company plans to open 13 new stores this year, with 9 of them opening in the second half of the year.
September 13, 2023 | 2:22 pm
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POSITIVE IMPACT
Home Depot's announcement of opening 13 new stores this year could potentially boost its stock price in the short term.
The announcement of new store openings is generally seen as a positive sign of growth and expansion for a company. This could lead to increased investor confidence in Home Depot, potentially driving up its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100