24.05.2019 23:00:00

Home Depot Executives Break Down a "Noisy" Quarter

Home Depot (NYSE: HD) surprised investors this week by posting a second straight quarter of slowing sales growth. Yes, the retailer faced a difficult comparison to a prior-year period that included hurricane rebuilding efforts. But management still aimed for a slight acceleration when compared to the prior quarter's weak results. Instead, comparable-store sales fell to about half the rate Home Depot had predicted for the full fiscal year.CEO Craig Menear and his team said in a conference call with Wall Street analysts that the slump doesn't jeopardize their wider outlook, though, and below we'll look at a few quotes from that presentation that explain management's stable 2019 forecast.Image source: Getty Images.Continue reading
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