Home Depot Q3 Comparable Sales -3.1%; Comparable Sales US -3.5%
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported a decline in Q3 comparable sales by 3.1% overall, with a more pronounced decrease in the US at 3.5%.

November 14, 2023 | 11:02 am
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Home Depot's Q3 report shows a decrease in comparable sales, which may concern investors and could negatively impact the stock price in the short term.
Comparable sales are a key indicator of a retailer's health, and a decline often signals reduced consumer demand or increased competition. Home Depot's reported decrease in comparable sales, especially a larger drop in the US market, could lead to investor concern over the company's growth prospects and profitability, potentially resulting in a short-term negative impact on the stock price.
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