Home Depot Q2: Efforts To Navigate Weak Demand Environment
HDHome Depot(HD) Seeking Alpha·2024-08-14 10:20
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images I reiterated my ‘Buy’ thesis for Home Depot (NYSE:HD) (NEOE:HD:CA) in my previous article published in March 2024, anticipating a weak home improvement market for FY24. Home Depot released its Q2 result on August 13th, reporting a 3.3% decline in same store sales growth. I appreciate the company’s efforts to navigate the challenging macro environment and the weak home improvement market. I reiterate a 'Buy' rating with a fair value of $390 ...