Home Depot Forecasts Earnings Drop This Year

Home Depot Inc.

forecast a drop in profit this year on flat sales as consumer spending declines andThe home-improvement chain said Tuesday that it expects adjusted per-share earnings to decline at a mid-single-digit rate for 2023, with margins impacted in part by an additional $1 billion that Home Depot said it would invest into wage increases for its hourly employees.

that’s because the owner of the company is a greedy person and won’t share his profits! The owner made stupid statements, like people don’t want to work anymore, who wants to work for somebody who doesn’t get the bigger picture like him!

Probably because homedepot sucks and people quit shopping there because nobody there knows what the hell they are doing. Maybe it was just me.

...prices have been high at home depot with no real discounts ...switched to Lowes recently and saved a ton

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Home Dept is set to report earnings before the bellHome Depot has remained resilient despite inflation and a shift in consumer spending habits. Tell your intern it’s Depot. Home department? Earnings fell below what was expected.
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