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Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Same store sales on a companywide basis were down 1.3%, while U.S. same store sales fell 1.2% versus the year ago period. HD YTD mountain Home Depot Year to Date Bottom line High interest rates and economic uncertainty still weigh on Home Depot. But same store sales — a key metric in the retail space that seeks to adjust sales results for new store opening or closings — while down from a year ago, did show improvement in the U.S and globally. Same store sales are expected to decline by about 2.5%, revised upward from the prior expectation of a 3% to 4% decline.
Persons: Patience, Edward Decker, Jim Cramer's, Jim Cramer, Jim, Sha Organizations: U.S, Home, Home Depot, Federal Reserve, Federal, Depot, CNBC, China News Service, Getty Locations: U.S, Comps, Arlington , Virginia, Sha Hanting
The U.S. State Department must also restaff positions that were reassigned or eliminated as passport demand cratered in 2020. U.S. Secretary of State Antony Blinken testifies during a House Appropriations Committee hearing on the State Department 2024 budget on March 23, 2023 in Washington. (A traditional passport — a passport book — costs $130 to renew; there's an additional $35 acceptance fee for first-time applicants.) Importantly, Americans may not be allowed to travel if their passport expires within a few months after their trip. The State Department website has information about passport and visa requirements for specific countries.
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