Home Depot same-store sales misses on cold weather, weak lumber prices

Credit: Reuters- Published on May 21, 2019
Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday and missed Wall Street estimates, as the home improvement chain was hurt by poor weather in February and a steep fall in lumber prices.
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Credit: Wochit Business
Published on May 21, 2019 -  00:32
Home Depot Same-Store Sales Misses On Wet Weather, Lumber Prices
Home Depot reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates. The home improvement chain was hurt by wet weather in February and a steep fall in lumber prices. Sector analysts have said that unusually cold and wet weather in several U.S. states were likely to have hurt first-quarter sales of Home Depot’s gardening-related products.

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