Home Depot Forecasts Slower Sales
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Home DepotCNBC
•Home Depot expects sales to weaken as consumers grow more cautious
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.
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