Home Depot posts bigger-than-expected quarterly comparable sales drop-March 2024-www.financetom.com

Home Depot posts bigger-than-expected quarterly comparable sales drop

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Home Depot posts bigger-than-expected quarterly comparable sales drop

May 14, 2024 3:28 AM

May 14 (Reuters) - Home Depot ( HD ) posted a

bigger-than-expected drop in quarterly same-store sales on

Tuesday as cautious homeowners shelled out less for big-ticket

purchases while focusing on small-scale repairs.

The company's comparable sales fell 2.8% in the first

quarter, compared with analysts' estimates of a 2.09% drop,

according to LSEG data.

(Reporting by Savyata Mishra in Bengaluru)

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