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Home Depot announced on Tuesday that its core homeowner customer base remains flexible in the face of higher gas prices and declining consumer sentiments.
Home Depot expects 2026 sales growth between 2.5% and 4.4%, below prior 4% estimates.
KEY POINTS
- Home Depot acquired SRS Distribution in 2024 to target roofing and pool professionals.
- The company is expanding into the approximately $100 billion HVAC market.
- Home Depot's core homeowners are delaying large projects but remain financially resilient.
- Optimism around lower mortgage rates faded due to renewed Middle East conflict and rising interest rates.
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