Home Depot Signals a Drop in Home Improvement Projects

  • Home Depot saw its comparative sales drop considerably from 25% last year.
  • The company still saw a boost for its average ticket size and net earnings.
  • Home Depot CFO Richard McPhail said the company is up against “challenging compares.”

Home Depot wobbled in its latest earnings results, possibly signalling the end of the longstanding home improvement boom.

The home improvement giant comparative sales rose 3.4% in the US. Overall comparative sales grew by 4.5%. Neat earnings increased $4.8 billion, compared with $4.3 billion in 2020. But the company was always going to be up against stiff

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