Home Depot Forecasts Annual Same-Store Sales Growth Below Estimates

Reuters

02-25

Feb 25 (Reuters) - Home Depot HD.N forecast annual same-store sales growth below analysts' estimates on Tuesday, as the top U.S. home improvement chain contends with a slowdown in spending on big-ticket projects amid a weak housing market and higher borrowing costs.

The company expects comparable sales to grow 1% for fiscal year 2025, compared to analysts' average estimates of a 1.7% jump, according to data compiled by LSEG.

Home Depot shares slipped 2% in premarket trading.

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