Home Depot had a difficult start to the year. Bad weather, and with it a sharp slide in timber prices, dropped a monkey wrench into the workings of the US DIY retailer. Second-quarter sales undershot expectations. The group, which has built a towering market capitalisation of $239bn, also lopped a full percentage point off its full-year outlook for two important sales metrics.
Home Depot had a difficult start to the year. Bad weather, and with it a sharp slide in timber prices, dropped a monkey wrench into the workings of the US DIY retailer. Second-quarter sales undershot expectations. The group, which has built a towering market capitalisation of $239bn, also lopped a full percentage point off its full-year outlook for two important sales metrics.
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