Home Depot reported a 5.7% increase in second-quarter sales to $47.9 billion, driven by consumer demand for smaller home improvement projects amid high mortgage rates and home prices. Comparable U.S. sales rose 1.3%, with shoppers spending more per transaction despite fewer transactions overall. The company confirmed about 800 job cuts at its Atlanta support center but reaffirmed its fiscal 2026 sales growth outlook of 2.5% to 4.5%. This reflects ongoing challenges in the housing market, where affordability pressures limit larger renovations but sustain demand for smaller projects.
Home Depot reported strong quarterly results with earnings per share of $4.92 and revenue of $47.86 billion, both surpassing analyst expectations. This growth comes amid a 'frozen housing market' where customers prefer smaller maintenance projects du...
Investors paused amid a global selloff of U.S. government bonds, rising crude oil prices, and escalating tensions in the Middle East, leading to a decline in market indices. Treasury yields increased as bond prices fell, reflecting concerns over infl...
Home Depot reported second-quarter sales of $47.9 billion, beating analyst estimates due to strong demand for smaller home improvement projects. Adjusted earnings per share rose 5.1% to $4.92, surpassing expectations. Comparable sales increased 1.7%,...
Home Depot has introduced Express Delivery across the U.S., offering rapid delivery of trade and DIY products from over 2,000 stores within three hours for a small flat fee, no subscription required. This service covers thousands of items including p...
US stock futures are down, led by a 1% drop in the Nasdaq-100, due to escalating tensions in the Middle East. President Trump's threats against Oman and Iran have driven oil prices up to their highest in two weeks, with Brent crude at $91 a barrel. R...
