Home Depot Cuts Outlook as Home Improvements Slow Down

Core Viewpoint - 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, which shows no signs of recovery [1] Company Summary - Home Depot's third-quarter profit has decreased, indicating challenges in the home improvement sector [1] - The company has lowered its full-year outlook, reflecting ongoing difficulties in the market [1] Industry Summary - The home improvement industry is experiencing an extended downturn, with little indication of improvement in activity levels [1]