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Fears of a slowdown in the US housing market are mounting — and Home Depot just slashed its 2020 sales outlook
Home Depot has struggled to boost sales and has cut its yearly outlook twice in 2019, citing uncertainty ahead and the timing of certain investments.
The retail industry could be headed for a tough holiday season. Here’s a roundup of 3 companies that just cut their profit outlooks.
Double-digit stock price slides from Macy's and Kohl's weighed on the S&P 500 Retail Index, which fell as much as 4% this week.
"Sales were below our expectations driven by the timing of certain benefits," said Home Depot CEO Craig Menear.
Home Depot was down 2.22% to $185.76 a share after reporting worse-than-expected fourth-quarter earnings.
Home Depot reported quarterly earnings that beat Wall Street estimates for the sixth straight quarter in a row.
Sears will stop selling Whirlpool's appliances, ending a century-old partnership.