Home Depot sales see uptick from hurricane recovery

Published On Nov 12, 2024, 11:23 AM

Home Depot's recent sales report shows that while the company has seen a small decline of 1.3% in sales from stores open for at least a year, this is an improvement over expectations. The uptick in sales has been attributed to hurricane recovery efforts, along with better-than-expected performance in seasonal and outdoor goods. CEO Ted Decker mentioned that this quarter's performance exceeded expectations despite broader market uncertainties. Revenue for the quarter was $40.22 billion, surpassing analyst forecasts. Home Depot now anticipates a smaller decline in comparable store sales for the fiscal year.