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Home Depot expects sales to weaken as consumers grow more cautious

CNBC
Summary
Nutrition label

78% Informative

Home Depot now expects full-year sales to decline by 3% to 4% compared to prior fiscal year .

Chief Financial Officer Richard McPhail says interest rates and consumer uncertainty dampen demand.

Home Depot kicks off a wave of retail earnings, as economists, investors and politicians pay close attention to the health of the American consumer and try to forecast the economic outlook, including the odds of a recession.

VR Score

89

Informative language

94

Neutral language

71

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links