Home Depot Sales Decline as Consumers Pull Back on Big-Ticket Purchases Amid Economic Uncertainty

Home Depot reported declining quarterly sales and tempered growth outlook as inflation, rising rates, and housing market weakness weigh on consumer spending.
After pandemic-driven growth, Home Depot is seeing a reversal as consumers reduce spending on large home improvement projects.
While still beating earnings estimates, Home Depot's sales fell short of expectations due to lower demand for major appliances and other big-ticket items.
Despite strong financial position, cautious homeowners are making fewer discretionary purchases amid economic challenges.
Home Depot maintains leading market share but faces headwinds from broad pullback in housing activity and home improvement spending.