The Home Depot, Inc. (NYSE: HD) gained immensely from work-from-home mandates and higher spending fueled by government stimulus amid the early phase of pandemic. However, with these pandemic-led tailwinds fading, the home improvement retailer’s business could experience a slowdown. The Home Depot shares are down nearly 29% year-to-date amid concerns about high inflation, and rising interest and mortgage rates. Home Depot is scheduled to announce its results for Q1 FY22 on May 17. Let’s see what the Street’s expectations indicate. Q1 Expectations The Home Depot ended FY21 on a strong note with its Q4 results surpassing analysts’ sales and EPS estimates. Q4 FY21 net sales grew 10.7% year-over-year to $35.
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Home Depot (NYSE:HD)
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