Home Depot Earnings Disappointment and Guidance Cut

2 months ago

"Let's go to Home Depot because they came out with results today. Yeah. Stock stumbled 6% today. That was the worst day since February 2023. The ticker is HD. They cut their fourear earnings guidance and they're warning that steady consumers are hitting the pause button on big ticket home purchases. Of course, the housing market has been somewhat frozen. So, that has been weighing on the company. Add to that tariffs, a lot of the materials are more expensive, a lot of confusion, supply chain issues. So, that has been weighing on the stock that's already down 11% year to date. The retailer said it expects adjusted earnings per share to 5% from year ago. The company said its profit and comparable sales uh sales came in lower than expecting in last quarter. So, a lot of pressure for a company that uh has been under macro and other uncertainty already and another earnings report that didn't alleviate concerns."

Home Depot (HD) experienced a sharp 6% drop, marking its worst day since February 2023, as the company cut earnings guidance amid a slowdown in big-ticket home purchases. Challenges such as higher material costs, tariffs, and supply chain issues are compounding investor concerns, reflecting a bearish sentiment on its near-term outlook.

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