Home Depot Cuts Outlook As Home Improvement Slowdown Continues

Core Insights - Home Depot reported a decline in third-quarter profit and has revised its full-year outlook downward due to a prolonged downturn in home improvement activity [1] Company Summary - The company is experiencing a significant decrease in profitability, indicating challenges in the home improvement sector [1] - Home Depot's lowered full-year outlook suggests that the current market conditions are expected to persist, impacting future performance [1] Industry Summary - The home improvement industry is facing an extended downturn, with little indication of recovery in the near term [1]