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Home Depot circulated a memo to staffers earlier this week indicating that "marijuana will be removed from all drug panels."
About half of Home Depot's revenue is derived from professional customers. Compared to Lowe's, Home Depot has historically reported a better operating margin and return on invested capital.
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Home Depot.
Home Depot and Lowe's are forecasting lower sales, earnings, and margins. Macroeconomic factors continue to pressure consumers.
Home Depot's (HD) Q2 results reflect pressures from soft consumer demand, high interest rates and macroeconomic uncertainty. However, its long-term prospects look bright.
Home Depot posted second-quarter earnings highlighted by soft management guidance. The company is attempting to navigate weaker demand for home-improvement projects.
Existing home sales tend to affect home improvement spending trends, and in turn, transaction volume at Home Depot. The company is unlikely to see big gains on sales from price increases in the near future.
ATLANTA , Aug. 21, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Ted Decker, chair, president and CEO, and Billy Bastek, executive vice president – merchandising will present at the Goldman Sachs 31st Annual Global Retailing Conference. The presentation will begin at 9:35 a.m.
Jason Snipe of Odyssey Capital Advisors and Jason Ware of Albion Financial Group discuss the commentary Home Depot and Lowe's gave in their earnings calls about the state of the consumer, and why the stocks have gone in different directions.
Elevated mortgage rates and record-high home prices have pushed many would-be home buyers into wait-and-see mode. Now homeowners are playing the waiting game with renovation plans.