Earnings

Home Depot (HD) Q2 2021 earnings beat, but DIY trends weaken

0


Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.

David Paul Morris | Bloomberg | Getty Images

Home Depot shares tumbled nearly 4% in premarket trading Tuesday after the company said fewer customers visited its stores during the fiscal second quarter as pandemic-fueled do-it-yourself projects tapered off.

The home improvement retailer also didn’t provide a full-year outlook in its earnings release.

While Home Depot’s quarterly profit and revenue beat Wall Street estimates, same-store sales came in slightly below expectations as the company lapped a period a year earlier when customers flocked to its stores to…



Source cnbc.com

0 0 votes
Article Rating

FEMA overhauls National Flood Insurance Program for climate change

Previous article

Retail sales July 2021

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings