Home Depot’s Q1 lackluster shows that remodeling boom is over
Interest in big home improvement projects is waning. That’s one takeaway from Home Depot’s uninspired first-quarter results.
“The size of the projects are getting a bit smaller,” Home Depot (HD) CEO Ted Decker told analysts on the company’s first quarter earnings call Monday.
“It could be that project [are] being deferred or it could be that the project is being broken up into chunks,” Decker said. “Rather than doing an entire room or an entire basement, you start working it in smaller chunks and that clearly impacts items per basket in overall activity. “
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