Home Depot, Lowe’s notch comp gains in Q4

Quick Summary:

While the sector may be on the mend, higher interest rates and potential tariff challenges continue to pressure the market.

The comp growth marked "a very clear win for Home Depot, and it suggests that the home improvement market as a whole might finally be reaching the nadir of its more sluggish performance," GlobalData Managing Director Neil Saunders said in emailed comments.

Home Depot projects total sales to grow about 2.8% year over year and comps to grow 1%.

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Article Details

Author / Journalist: Nate Delesline III

Category: Business

Markets: United StatesIndia

Topics: Income Comps Rates Year Billion Depot Lowe’s Quarter Improvement Market Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 10:30:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 905 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 26478244

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