Savvy acquisition saves Home Depot from third-quarter revenue decline
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Home Depot Inc reported a 6.6% increase in third-quarter sales to $40.2 billion, despite a 1.3% drop in comparable sales year-over-year. A strategic acquisition helped offset potential revenue declines.
November 12, 2024 | 1:45 pm
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Home Depot's third-quarter sales increased by 6.6% to $40.2 billion, aided by a strategic acquisition, despite a 1.3% drop in comparable sales.
The strategic acquisition by Home Depot has positively impacted its revenue, leading to a 6.6% increase in sales despite a decline in comparable sales. This suggests effective management decisions that could boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100