When Will Home Depot Start to Rebound? Persistent Decline in Same-Store Sales Raises Questions
Home Depot(HD) The Motley Fool·2024-08-17 22:10
Home Depot's business likely won't rebound this year.Home Depot (HD 0.55%) has struggled the past two years, but you might not know it from its stock price. While the company has consistently seen negative same-store sales since the end of 2022, its stock nonetheless has generated a 19% total return over that period. It's an interesting dichotomy that begs the question: When will the company begin to see a turnaround, and will its struggles take a bigger toll on the share price?Declining same-store salesFor ...