( ) -q-18- UNDATED (Correspondent Jeremy House) “of the year.” Home Depot topped profit and sales expectations in its most recent quarter. [CutID: <Cuts> HOME-DEPOT-SALES-house-q-TUEam.mp3 Time: 18s Title: HOME-DEPOT-SALES-house-q-TUEam Out-cue: of the year] TAG: Correspondent Jeremy House reporting. Sales continue to decline as inflation and soaring interest rates play a larger role in the spending […]
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Home Depot tops expectations again, but signs of spending pullback
( ) -q-18- UNDATED (Correspondent Jeremy House) “of the year.”
Home Depot topped profit and sales expectations in its most recent quarter.
[CutID: <Cuts> HOME-DEPOT-SALES-house-q-TUEam.mp3
Time: 18s
Title: HOME-DEPOT-SALES-house-q-TUEam
Out-cue: of the year]
TAG: Correspondent Jeremy House reporting. Sales continue to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans. Despite the stronger-than-expected sales figures, Home Depot stuck to previous guidance for the year, seeing sales decline between 2% and 5%, after lowering its forecast in the last quarter.
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VERBATIM: Second quarter revenue was nearly $43 billion, edging out Wall Street expectations. Yet that’s down 2% from the $43.87 billion the company reported during the same stretch last year, Meanwhile, sales have fallen 3.1% through the first half of the year.