The Home Depot Reports Strong Third Quarter Sales, Updates Fiscal 2024 Guidance

The Home Depot, the world’s largest home improvement retailer, announced impressive third-quarter sales results, exceeding expectations despite ongoing macroeconomic uncertainty. Sales grew by 6.6% year-over-year, driven by strong demand for seasonal goods, outdoor projects, and hurricane-related needs. The company also updated its fiscal 2024 guidance, projecting a total sales increase of approximately 4% and comparable sales decline of 2.5% for the 52-week period.

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