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Home Depot Confirms Disappointing 2020 Sales Forecast And Margins

By John F. Heerdink, Jr.

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

On Wednesday, Home Depot announced its forecast for fiscal 2020 sales growth at 3.5% to 4%, that disappointed Wall Street. Analysts were expecting sales growth of 4.3%, according to IBES data from Refinitiv. The Company also confirmed that its “online overhaul program” would likely pressure their margins next year as well.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Home Depot forecasts 2020 sales growth below expectations in Reuters)


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