_home-depot-beats-q1-earnings-expectations-but-revenue-falls-short-as-customers-delay-renovation-projects.jpg "Home Depot Beats Q1 Earnings Expectations, but Revenue Falls Short as Customers Delay Renovation Projects from ddi renovations Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 180K times
✓ Published: 15-May-2024
👁 View: 180K times
✓ Published: 15-May-2024
Description:
Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_man-turns-parents-garage-into-a-home-for-15k.webp "A man struggling to get on the property ladder landed spent just £15k on his first home - by building it in his parents' garage. <br/><br/>Josh Jones, 21, convinced his mum and dad to let him convert the garage attached to their four bed family home in Tunbridge Wells into a one-bed apartment.<br/>")
_before-after-7039s-split-level-renovation.webp "Marc u0026 Mandy RENOS, DECOR, BUILD, FOOD, COMEDY")
_what-is-ddi-a-dns-dhcp-and-ip-address-management-primer-from-efficientip.webp "EfficientIP")
⏲ 2 minutes 56 seconds 👁 11.5K
_social-housing-worker-touring-london39s-92.webp "A social housing worker is touring and reviewing London's most rundown housing estates - posting TikTok reviews about their hidden histories.<br/><br/>Noris Obijaku, 24, studied engineering at Coventry University and is interested in building designs.<br/><br/>Noris has started a series where he reviews estates in the London area - many which are now rundown, but were once dubbed \")
_grand-final-1-wesley-so-plays-miracle-comeback-to-beat-maxime-vachier-lagrave-14-may-2024-cct.webp "Chess Rep")
⏲ 47 minutes 16 seconds 👁 5.5K
_home-depot-beats-q1-earnings-expectations-but-revenue-falls-short-as-customers-delay-renovation-projects.webp "Home Depot reported first-quarter earnings that beat expectations, but revenue missed estimates. The company saw softer sales as high interest rates caused customers to defer large home renovation projects like kitchen and bathroom remodels. Comparable sales dropped over 2% across the business and declined more than 3% in the US compared to the prior year period. Weather also negatively impacted spring sales of outdoor products as many parts of the country experienced colder and wetter conditions. Home Depot reaffirmed its full-year guidance but expected comparable sales to decline.")
⏲ 0:36 👁 180K
_wrexham39s-phil-parkinson-on-how-to-earn-promotion-124-men-in-blazers-interview.webp "Men in Blazers")
⏲ 44 minutes 56 seconds 👁 5.1K
_a-japanese-inspired-home-that-experiments-with-interior-design-space-and-usability-house-tour.webp "The Local Project")
⏲ 7 minutes 32 seconds 👁 2.2M
_man-turns-parents-garage-into-a-home-for-15k.jpg)
_before-after-7039s-split-level-renovation.jpg)
_what-is-ddi-a-dns-dhcp-and-ip-address-management-primer-from-efficientip.jpg)
_social-housing-worker-touring-london39s-92.jpg)
_grand-final-1-wesley-so-plays-miracle-comeback-to-beat-maxime-vachier-lagrave-14-may-2024-cct.jpg)
_wrexham39s-phil-parkinson-on-how-to-earn-promotion-124-men-in-blazers-interview.jpg)
_a-japanese-inspired-home-that-experiments-with-interior-design-space-and-usability-house-tour.jpg)
![[+]](/images/menu.gif){kind=small}