Home Depot Faces Consumer Headwinds Amid Guidance Cut

2 months ago

Tom Keane

"Okay, ticker HD because their shares have been down nearly 3%. So, the main thing they cut their fleear earnings guidance. Consumers are just they're just not doing those big ticket home purchases. What they're doing instead projects like their painting, they're sprucing up their garden, but they expect their adjusted earnings per share to decline 5% from a year ago. So, that was lower than it's forecast. But, it's just this kind of warning about the strength of the consumer because we haven't had the eco data, right? It's been on pause."

The transcript highlights Home Depot (HD) cutting its earnings guidance amid a consumer shift from big-ticket home purchases to smaller improvement projects. The share decline of nearly 3% underscores concerns over weakening consumer strength as economic data remains elusive.

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