U.S. Economy Warns Signals! Home Depot (HD.US) Indicates Weak Consumer Spending: Lowers Full-Year Profit Guidance.

According to the Wise Money APP, Home Depot (HD.US) announced that both profit and same-store sales for the previous quarter ending November 2 were lower than expected. This was due to a weak overall real estate market performance, as well as events such as storms reducing demand for roofing, generators, and other categories. Revenue for the third quarter increased by 2.8% year-on-year, reaching $41.4 billion, slightly higher than market expectations. Same-store sales increased by 0.2%, lower than the market's general expectation of 1.4%.