The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
May 19, 2026
· 2 min read
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Home Depot maintains annual forecasts, flags pressure from housing affordability
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Article Excerpt
Home Depot Inc. on Tuesday maintained its full-year financial forecasts for sales and earnings as it reported a 5-per-cent increase in revenue to $34.7-billion US for the third quarter.
The world’s largest home-improvement retailer said adjusted profit rose by 6 per cent, or 9 cents a share, to $1.28 a share. It also predicted that the current quarter would deliver an earnings of about 45 to 47 cents a share on revenue between US$10 billion and US$10.3 billion.
In a conference call with reporters, chief executive officer Frank Blake said: “I remain confident in our business model and our abili…
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