Home Depot raises annual sales forecast on steady demand

The company now expects comparable sales to increase about 3% in fiscal 2022, compared to its previous forecast of a slight positive growth.

Sales from DIY customers have slowed with the easing of pandemic-related curbs, according to analysts.

Home Depot now expects comparable sales to increase about 3% in fiscal 2022, compared with its previous forecast of a slight positive growth. Analysts were expecting a 1.4% increase, according to IBES data from Refinitiv.

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