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
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U.S, Comps, Arlington , Virginia, Sha Hanting