Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump
By A Mystery Man Writer
Description
After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares lower at the opening bell. Home Depot on Tuesday projected its first decline in annual revenue since 2009 in the aftermath of the bursting of the housing bubble and financial crisis. It was a rough start to a busy week of retail earnings and the numbers from the nation’s biggest home improvement chain dragged down retails stocks as well as the Dow. Shares in rival Lowe’s fell harder than Home Depot.
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://www.retail-insight-network.com/wp-content/uploads/sites/18/2023/08/The-Home-Depot-1.jpg)
The Home Depot reports 3.1% sales drop in H1 FY23
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://wtop.com/wp-content/uploads/2023/05/GettyImages-908480958-480x320.jpg)
Business and Financial News - Page 50 - WTOP News
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://toppodcast.com/wp-content/uploads/2023/01/5122946-600x600bb.png)
Eurodollar University
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://static.seekingalpha.com/uploads/2022/6/27/saupload_e3d1c8a9def1a7e7017001d6742f12a3.png)
The Odds Are Stacked Against Home Depot (NYSE:HD)
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://graphics.reuters.com/USA-ECONOMY/HOUSING/lbpggodbkpq/chart.png)
U.S. home sales slump to 12-year low; glimmers of hope emerging
Home Depot Earnings: Retailer Projects First Annual Sales Decline
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://www.telegraph.co.uk/content/dam/business/2023/09/21/TELEMMGLPICT000350172897_16952898890790_trans_NvBQzQNjv4BqHps5lUliYIqgcK9S7R5oO3bnyqyMdrjCbPq_kIjcwCM.jpeg)
Jeremy Hunt faces 'difficult decisions' ahead of Autumn Statement
US retailer Home Depot sales drop for fifth quarter on weak demand
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://www.gpb.org/sites/default/files/styles/three_two_702x468/public/npr_story_images/2022/10/31/ap22264567318008-1ec064ec86c1afd08412d7b5643a3f1d3c871bc7.jpg?h=f59638ad&itok=cQXvq12a)
News Articles Georgia Public Broadcasting
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://cdn.rttnews.com/articleimages/ustopstories/2024/february/pending-home-sales-022924-lt.jpg)
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In January
![Home Depot sees first annual sales decline in more than a decade as housing streak ebbs, rates jump](https://bloximages.chicago2.vip.townnews.com/starherald.com/content/tncms/assets/v3/editorial/5/93/59353bbe-72b0-11ee-bea3-0f5fab59c9be/653830a5b803b.image.jpg?resize=750%2C500)
Leaders celebrate completion of Scottsbluff town homes
from
per adult (price varies by group size)