Home Depot's sales have gotten hit by economic factors, as higher interest rates slow housing turnover and more than two years of high inflation makes homeowners less willing to spring for discretionary purchases and do-it-yourself projects. The company had cut its full-year forecast for comparable sales in August, citing consumer uncertainty.

"The worst of the decline in housing turnover is probably behind us. Now, the question is, 'What unfreezes it and at what point will that happen?'" The coming year could also bring price pressures for Home Depot, just as inflation cools. It would be among ...

Home Depot (HD) shares rose Tuesday morning after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections. The home improvement giant reported revenue of $40.