Why Home Depot's weak outlook could be a warning sign for Target earnings

That means more leaky roofs, broken furnaces and rooms that need a fresh coat of paint.

Plus, as mortgage rates rise, more homeowners are choosing to stay in place rather than sell — a dynamic that'sOn the call with investors, Decker said the retailer ultimately bets on higher demand over the longer term, as more homes "are reaching that 20-year and 40-year sort of witching hour of age" and people put more wear and tear on their homes while working remotely.Failing banks. Rising interest rates.

Home Depot's McPhail said on an investor call that tighter monetary policy and tighter credit is shaping consumers' mindsets. In February, he said the company's business was trending well and if adjusted for seasonal trends it would have translated to positive comparable sales for the rest of the year.

But that changed in March, he said. Not only did unfavorable spring weather hit, but external factors came into play — including"We think all of those just build to a broader caution among consumers," he said. Consumers who are worried about a shaky economy — or a recession — may be less likely to pick up home decor or clothing at Target.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Capital One stock rallies and Home Depot shares dip, and other companies on the moveCapital One Financial Corp.'s shares rose 6% after Warren Buffett’s Berkshire Hathaway Inc. took a near $1 billion bet on the credit card and banking group
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Lowe’s stock falls in wake of rival Home Depot’s disappointing earnings reportShares of Lowe’s Companies Inc. dropped 1.9% toward a seven-week low in premarket trading Tuesday, as a disappointing earnings report from rival home...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stocks making the biggest moves premarket: Home Depot, Capital One, Dish Network & moreThese are the stocks posting the largest moves in premarket trading.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Shoppers are pulling back at Home Depot | CNN BusinessConsumers are taking on smaller home improvement projects as higher interest rates and inflation take their toll.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »