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.
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