Home Depot misses sales expectations in the second quarter – stock under pressure
The world’s largest home improvement retailer, Home Depot, missed analysts’ sales expectations in the second quarter of fiscal 2023. Sales decreased 2% from the year-ago quarter to $42.9 billion, compared with consensus of $42.23 billion. Comparable sales, which measure sales in stores that have been open at least one year, also fell 2%. Earnings per…