Home Depot expects sales to weaken as consumers grow more cautious
HDHome Depot(HD) CNBC·2024-08-13 18:01

The Home Depot logo is seen in Florida Keys, United States on May 7, 2024.Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. It had previously expected comparable sales, a metric that takes out the impact of store openings and clo ...