Home Depot earnings show signs of a consumer pullback

yahoo Finance

Home Depot (HD) earnings show shoppers are putting their HGTV dreams on hold. It was another quarter of subdued results, as consumers sought out fewer do-it-yourself projects compared to during the pandemic. CEO Ted Decker said the quarter was “impacted by a delayed start to spring and continued softness in certain larger discretionary projects.”

“Home Depot faces tough comparisons from the past four years fueled by higher home values and home-related spending during the pandemic,” Telsey Advisory Group managing director Joe Feldman wrote in a note to clients.

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