Core Insights - Home Depot's third-quarter results were negatively impacted by better-than-expected weather, leading to fewer shoppers and lower sales compared to historical norms [1][2] - Year-over-year sales comparisons are challenging due to last year's slightly worse weather, which inflated last year's numbers [2] - The absence of storms not only affects current sales but is expected to lead to reduced post-storm repair projects in the fourth quarter [3] Business Impact - The decline in storm-related repairs is also affecting sales at Home Depot's subsidiaries, GMS and SRS, which focus on specialty building and roofing supplies [4] - While some consumers are still purchasing high-end appliances and tools, many are postponing larger repair and renovation projects due to financial constraints [5] - Economic factors such as affordability, layoffs, and interest rates are influencing consumer spending decisions [5][6] Market Outlook - Despite the challenges, the company believes it has a strong consumer segment, although economic uncertainty remains a concern [6]