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


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

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