Home Depot Misses Across The Board But Stock Jumps On Sticky Guidance Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion estimated by about 30bps. Gross margins beta by 20 bps and operating margins were largely in-line. Comp store sales rose 1%, also missing the 1.3% estimate. In the U.S., comp store sales increased 1.4%. According to Goldman, “comp sales… — Continue at ZeroHedge News : Read More
