Home Depot Sees Continued Headwinds as High Interest Rates Hurt Big-Ticket Spending

Key TakeawaysHome Depot reported fiscal 2023 fourth-quarter revenue and profit that exceeded analysts' expectations, but sales guidance that disappointed investors.The home improvement retailer projects comparable sales to decline about 1% in fiscal 2024 as customers defer large projects and big-ticket purchases in an environment of still-high interest rates.Home Depot said that while the home improvement market still faces headwinds, the pressure on sales won't be as significant as it was in 2023. Home Dep ...