Home Depot Confirms Disappointing 2020 Sales Forecast And Margins

By John Heerdink LinkedIn Disclaimer

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.

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


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