Home Depot Guidance Cut Reflects Consumer Caution

2 months ago

Speaker 1

"Ticker HD because their shares have been down nearly 3%. So the main thing, they cut their full year earnings guidance. Consumers are just they're just not doing those big ticket home purchases. Instead, they're doing the small projects like they're painting their, sprucing up their garden, you know, those little things that can make a whole world of a difference."

The speaker highlights issues at Home Depot (HD), noting the shares are down and full year earnings guidance has been cut due to a shift in consumer behavior from large home purchases to smaller projects, signaling caution in the near-term consumer environment.

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