(Reuters) – Home Depot forecast annual same-store sales growth below analysts’ estimates on Tuesday, as the top U.S. home improvement chain contends with a slowdown in spending on big-ticket projects amid a weak housing market and higher borrowing costs.
The company expects comparable sales to grow 1% for fiscal year 2025, compared to analysts’ average estimates of a 1.7% jump, according to data compiled by LSEG.
(Reporting by Savyata Mishra in Bengaluru; Editing by Sriraj Kalluvila)
Comments