Home Depot beats quarterly sales on professional demand
The home improvement retailer reported first-quarter sales of $41.77 billion, surpassing analyst expectations of $41.52 billion. Steady demand from professional builders and small-scale repair projects helped offset continued weakness in the DIY remodeling segment.
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HOME DEPOT INC reported first-quarter sales of $41.77 billion, beating analyst estimates of $41.52 billion. The retailer maintained its annual forecast as professional customer demand offset persistent weakness in large-scale DIY projects. Demand from contractors and builders suggests the housing market remains active despite high interest rates and consumer uncertainty.
