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Stock impact report

Home Depot sales rise as contractors boost demand [USA TODAY]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: USA TODAY
Its shares HD.N were up 3% in afternoon trading. Shares of rival Lowe's LOW.N, which reports on Wednesday, were up 2%. Home Depot, which maintained its annual forecasts, has leaned on professional customers, such as contractors, builders and carpenters, whose large, ongoing jobs have helped the company offset the slowdown in big do-it-yourself remodels amid elevated borrowing costs and a weak U.S. housing market. In November, it launched an AI-powered tool designed to help these customers keep track of material lists and project cost estimates. Home Depot has also benefited from selective price hikes it took last year to offset tariffs, and executives on Tuesday indicated no plans for further increases ahead of the spring selling season. The company reported a 0.4% rise in same-store sales for the fourth quarter, compared with analysts' expectations of largely flat sales, according to data compiled by LSEG. "It appears that the company set the appropriate initial bar for th Show less Read more
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