Home Depot expects a smaller decline in annual store sales following better-than-expected performance over the past three months, which was partly driven by hurricane recovery efforts.
Joe Feldman, Telsey Advisory Group senior managing director, said in a Tuesday note that the “warmer and dryer weather” extended demand for summer categories like paint and outdoor grills and recovery efforts following Hurricanes Helene and Milton boosted sales of generators, batteries, plywood and building materials.
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