Home Depot(US:HD) 财富FORTUNE·2025-08-25 13:05Core Viewpoint - Home Depot's customers are postponing large home renovation projects due to economic and interest rate concerns, focusing instead on smaller projects [2][3]. Group 1: Financial Performance - Home Depot reported quarterly revenue of $45.28 billion, an increase from the previous year but slightly below analysts' expectations of $45.41 billion [4]. - The company's stock price rose by 3.17% during midday trading, making it a leading stock in the Dow Jones index [4]. Group 2: Consumer Behavior - Consumers are delaying large renovation projects that typically require financing, while smaller projects can be paid for in cash [2][3]. - Despite a slowdown in the real estate market, consumers are steadily pursuing small home improvement projects, supported by a relatively affluent customer base, with 80% being homeowners [3][4]. Group 3: Economic Context - The Federal Reserve has maintained high interest rates between 4.25% and 4.5% since late 2024, contributing to consumer hesitance regarding large projects [3]. - Inflation remains a concern, with a year-on-year increase of approximately 2.7% in July, and the threat of stagflation is growing [3].