​Home Depot Slashes Sales, Profit Outlook As Higher Rates “Pressure Demand” – Tyler Durden

Home Depot Slashes Sales, Profit Outlook As Higher Rates “Pressure Demand” The largest home improvement retailer in the US beat second-quarter earnings and sales expectations but lowered its comparable sales and profit forecasts for the year. This aligns with our ongoing theme of an emerging consumer slowdown.  This is aging pretty well so far. $HD beats, guides everything lower. Says foot-traffic weakened as the quarter progressed. Guides to SSS decline of 3-4%. HD expects business to get worse in the back half of the year which is a) New b) Bad. Folks stopped shopping in July. https://t.co/1mcoucYmIx — Jeff Macke (@JeffMacke) August 13, 2024…  — Continue at ZeroHedge News : Read More