( 9a ) -q-24- UNDATED (Correspondent Jeremy House) “of approximately one-percent.” Home Depot’s second quarter sales rose slightly as the nation’s biggest home improvement retailer booked gains from a recent acquisition [CutID: <Cuts> HOME-DEPOT-SALES-house-q-TUEam.mp3 Time: 24s Title: HOME-DEPOT-SALES-house-q-TUEam Out-cue: of approximately one-percent] TAG: Correspondent Jeremy House reporting. Home Depot expects 2024 earnings per share to […]
Audio
Home Depot trims guidance amid increased anxiety about broader economy
( 9a ) -q-24- UNDATED (Correspondent Jeremy House) “of approximately one-percent.”
Home Depot’s second quarter sales rose slightly as the nation’s biggest home improvement retailer booked gains from a recent acquisition
[CutID: <Cuts> HOME-DEPOT-SALES-house-q-TUEam.mp3
Time: 24s
Title: HOME-DEPOT-SALES-house-q-TUEam
Out-cue: of approximately one-percent]
TAG: Correspondent Jeremy House reporting. Home Depot expects 2024 earnings per share to fall between 2% and 4%. Previously, the company predicted earnings per share growth of about 1%.
—————————
VERBATIM: Despite the sales increase, customers reined in spending because of broadly higher costs and elevated interest rates. Sales edged up to $43.18 billion, from $42.92 billion. However, Home Depot is now expecting sales at stores open at least a year to decline between 3% and 4%. Its previous outlook was for a decline of approximately 1%.