Shares of Home Depot (HD) slide Tuesday morning after the home improvement retailer reported disappointing fourth-quarter results and 2024 sales guidance. Home Depot posted a 3.5% drop in global same-store sales alongside a 4% decline in US comparable sales year-over-year.
Additionally, Home Depot cites slowing demand in its weaker than expected full-year outlook for 2024.
Yahoo Finance's Seana Smith and Brad Smith break down the details.
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Home Depot's Revenue Declines For 5th Quarter In A Row For Country: United States. City: Birmingham, Independence, Kent, New York, Temecula
