Home Depot Q2 Comparable Sales -3.3%; Comparable Sales US -3.6%
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported a 3.3% decline in Q2 comparable sales, with US comparable sales down by 3.6%.
August 13, 2024 | 10:01 am
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NEGATIVE IMPACT
Home Depot reported a 3.3% decline in Q2 comparable sales, with US comparable sales down by 3.6%. This indicates a potential slowdown in consumer spending or increased competition.
The decline in comparable sales suggests that Home Depot is facing challenges, possibly from reduced consumer spending or increased competition. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100