You are here: Home » Reuters » News
Business Standard

Home Depot lifts full-year forecasts on boost from hurricanes

Reuters 

(Reuters) - Home Depot Inc, the largest U.S. home improvement chain, on Tuesday raised its full-year profit and sales forecast again after hurricanes Harvey and Irma spurred demand for generators, flashlights and rebuilding materials.The Dow component is riding a multi-year recovery in the housing market but as hurricanes ravaged the southern United States, customers flocked to its stores for emergency supplies.Home Depot's shares, already up 23 percent this year, were largely unchanged at $165.30 in premarket trading. "Home Depot's recent comparable store sales performance and improved ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 18:53 IST
RECOMMENDED FOR YOU