Home Depot beats on revenue, but says customers are still putting off big renovation projects

Home Depot beat Wall Street revenue forecasts for the fourth quarter of 2024.The retailer said, however, that customers are still putting off major renovation projects.That's due to higher interest rates in recent years, its CEO and CFO said.Home Depot beat Wall Street estimates in the fourth quarter of 2024, but said that customers were still putting off bigger home improvement projects amid higher interest rates. Revenue climbed 14% compared to the same period in 2023. On a comparable sales basis, a metri ...