What was Home Depot's Q4 2024 revenue, and how did it compare to previous years?

Home Depot's Q4 2024 revenue was $39.7 billion, marking a 14.1% increase from Q4 2023.

How did U.S. consumer confidence change in February, and what are the implications for the economy?

U.S. consumer confidence dropped sharply to 98.3 in February from 105.3 in January, raising recession fears as it represents a significant decline in consumer optimism.

What factors are impacting Home Depot's sales and earnings, particularly concerning large remodeling projects?

Higher interest rates are impacting Home Depot's sales, particularly for large remodeling projects, as they make home purchases and refinancing more expensive.

How does Home Depot's performance reflect broader economic conditions, especially regarding housing and consumer spending?

Home Depot's performance is closely tied to the housing market and consumer spending. Despite challenges like high interest rates, the company's recent growth suggests resilience in home improvement spending.

7 sources·Business

Home Depot Revenue Surges But Consumer Confidence Plummets Amid Economic Concerns

Home Depot exceeded Q4 revenue forecasts, but U.S. consumer confidence fell sharply, raising recession fears as inflation concerns linger.

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The stock initially opened higher before declining in morning trading.
Stocks making the biggest moves midday: Krispy Kreme, Chegg, Zoom Communications and more
CNBC·23d
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The most recent economic data and a pessimistic turn among American households does not bode well for the U.S. economy, experts say.
Inflation, looming trade war take a toll as confidence of the U.S. consumer tumbles
Associated Press·24d
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While Home Depot reported marginally better-than-expected revenues, its 2025 forecasts fell short of investor expectations.
Home Depot beats on revenue, but says customers are still putting off big renovation projects
Business Insider·24d
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Feb 25th, 2025, 12:58 PM ET

Summary

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Home Depot reported Q4 2024 revenue of $39.7 billion, surpassing expectations, but its share price fell amid projected lower growth for 2025 and high interest rates impeding large projects. Meanwhile, U.S. consumer confidence saw its largest decline in over four years, dropping to 98.3 in February from 105.3 in January, raising recession fears. This slump follows a significant fall in retail sales and persistent inflation concerns. Analysts express worries over the economic outlook as consumer spending represents two-thirds of U.S. economic activity. CEO Ted Decker of Home Depot emphasizes the need for adaptability in light of changing economic conditions.

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U.S. consumer confidence has seen a significant drop, highlighting concerns over inflation and potential economic recession.
The Federal Reserve's pause in interest rate cuts reflects uncertainty about the current economic landscape and future policy directions.
Declining consumer sentiment and market volatility suggest an increasingly cautious approach needed from policymakers.

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