News Formal

Home Depot Q1 earnings preview: Pro customers expected to offset fewer DIY shoppers

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Home Depot News

Earnings Per Share,Joe Feldman

US shoppers under pressure is expected to spend less at Home Depot, but it may make up some of the loss with professional consumers.

Wall Street expects another quarter of subdued results, as consumers seek out fewer DIY projects compared to during the pandemic. However, more spending by pro customer may offset some of that loss.

"Home Depot faces tough comparisons from the past four years fueled by higher home values and home-related spending during the pandemic," Telsey Advisory Group managing director Joe Feldman wrote in a note to clients.Consumers are also "strained" by inflation, interest rates, and a "slow housing market," Feldman wrote.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden tariffs, PPI, Home Depot earnings: What to watchAccording to a Bloomberg report, the Biden administration could make an announcement on tariffs on Chinese EVs as early as Tuesday morning. The tariffs could...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart, Home Depot earnings: Checking in on the US consumerBig-box retailers Home Depot (HD) and Walmart (WMT) are set to report their first-quarter earnings figures on Tuesday, May 14, and Thursday, May 16...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »