Home Depot's Q4 2022 same-store sales decline due to fewer transactions, lower spending, and big-ticket items down 5.8%.
Home Depot's same-store sales have declined since Q4 2022 due to fewer transactions and lower spending per visit, with big-ticket items down 5.8%. The company has lowered full-year same-store sales guidance to a 3-4% decline. Analysts predict a potential turnaround around mid-2025, possibly due to higher interest rates and a slow housing market. Despite challenges, Home Depot's stock has generated a 19% return over two years, and some experts believe a rebound is possible when interest rates ease.
August 17, 2024
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