Will Rising Rates Keep Hammering Home Depot's Core Market Sales?

Key Takeaways HD's Q1 FY25 sales rose 9.4% to $39.9B, but large remodeling demand stayed soft amid high interest rates. Big-ticket transactions of more than $1,000 rose just 0.3% as customers avoided financed renovations. HD sees a $50B deferred demand opportunity, but rate pressure continues to delay project recovery.Higher interest rates continue to weigh on The Home Depot Inc.’s (HD) core market of big-ticket remodeling business. These bigger renovations typically require financing and persistently hig ...