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May 19, 2026
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Home Depot reiterates annual forecasts, flags housing affordability woes - BNN Bloomberg
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Article Excerpt
Home Depot Inc., North America’s largest home improvement retailer, on Tuesday said it will keep its 2023 financial outlook for sales and earnings unchanged despite the recent slowdown in housing starts.
The Atlanta-based company reported a profit of US$6.54 billion, or $4.98 per share, for the quarter ending March 31, up from a year-ago result of $5.78 billion, or $4.20 per share.
In an earnings call with analysts, CEO Craig Menear said while the company is facing headwinds in housing affordability and continued declines in new single-family home starts, it will continue to invest in its busi…
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