Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales

Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to spring. Sales slipped 2.3% to $36.42 billion for the period ended April 28, falling short of the $36.65 billion that analysts polled by Zacks Investment Research expected.