Home Depot beats sales estimates on demand from builders

Home Depot beats sales estimates on demand from builders







Home Depot Inc (HD.N) Tuesday reported quarterly results that beat Wall Street expectations as demand for home improvement items from home builders and home improvement firms remained steady.

Analysts Note Strong Demand From Home Improvement Professionals Despite Restraining Spending On A Healthy Pipeline Of Home Improvement Jobs doing.




Some brokers estimate that about 40% of Home Depot’s customers to 45% of them are professionals. Refinitiv’s IBES stats show that
Home Depot’s similar revenue rose 5.8% in the second quarter, while analysts had predicted he would grow 4.9%.

America’s Largest Domestic Enchantment His chain’s net profit increased 6.5% to an estimated $43.36 billion, bringing him to $43.79 billion.

Agencies Reported Lowest Quarterly Revenue and Profit Ever, With Overall Spend Per Transaction Up More Than 9%, Due To Increased Product Spend Despite Shopper Transactions Declining 3% At Stores supported




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