Home Depot Experiences First Quarter Earnings Miss Amid Softening Home Improvement Market
Home Depot Inc. (HD), the US-based home improvement retail giant, revealed its Q1 2023 earnings results on Tuesday, which largely failed to meet expectations. The results highlighted a slowdown in home improvement spending compared to the surge seen during the pandemic. Following the announcement, Home Depot’s shares fell by over 4% in pre-market trading. The…