Home Depot Slashes Outlook As Home-Renovation Demand Continues To Crumble
Home Depot Slashes Outlook As Home-Renovation Demand Continues To Crumble Home improvement retailer Home Depot slashed its full-year earnings outlook after another weak quarter, citing soft big-ticket spending, a paralyzed housing market, and lackluster seasonal demand. Adjusted EPS is now expected to fall 5%, worse than prior guidance. Third-quarter comparable sales rose just .2%, far below Bloomberg Consensus estimates […]
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