1 of 1
Story summary
- Home Depot executives say homeowners are delaying remodeling projects due to inflation, job-market concerns, and high financing costs.
- Sales at existing stores were nearly flat, and net income fell 13% to $2.6 billion, beating expectations.
- The company cites low consumer confidence as a driver of reduced spending on large projects.
- Management emphasizes resilience in professional spending and maintains profitability through tight inventory management.
