Home Depot says it expects adjusted per-share earnings to decline at a mid-single digit rate for 2023
Home Depot Inc.
forecast a drop in profit this year on flat sales as consumer spending declines andThe home-improvement chain said Tuesday that it expects adjusted per-share earnings to decline at a mid-single-digit rate for 2023, with margins impacted in part by an additional $1 billion that Home Depot said it would invest into wage increases for its hourly employees.
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Home Depot stock sinks after sales miss and downbeat outlook, offsetting profit beat and dividend hikeShares of Home Depot Inc. dropped 2.8% toward a three-month low in premarket trading Tuesday, after the home improvement retail giant reported fiscal...
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Home Depot says it will spend $1 billion to give hourly workers a raiseHome Depot is the latest retailer to signal that the labor market is still tight.
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Home Depot stock selloff cutting more than 70 points off the Dow’s priceShares of Home Depot Inc. dropped 3.5% in premarket trading Tuesday, in the wake of the home improvement retailer’s disappointing quarterly earnings report...
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