Home Depot has also doubled down on its investments to appeal to the "pro" customer, including its $18.25 billion deal for SRS in March. The company posted a 1.3% decline in comparable sales, the smallest decline since the fourth quarter of 2022, compared with analysts' average estimate of a 3.25% drop, according to data compiled by LSEG.

Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as mortgage rates drop.

Home Depot said comparable sales declined 1.3% for the quarter through October, better than analysts’ expectations, after adverse weather propped up demand for home-improvement materials. Drew Reading of Bloomberg Intelligence has more on Bloomberg Television.

Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending. Shares of the top U.

The home-improvement retailer raised its guidance following strong third-quarter sales as demand rose for grills and paint. Hurricane preparations in the Southeast also provided a bump.