You are here: Home » Reuters » News
Business Standard

Home Depot lifts full-year forecasts as hurricanes spur demand


By Sruthi Ramakrishnan(Reuters) - Home Depot Inc, the largest U.S. home improvement chain, on Tuesday raised its full-year profit and sales forecast after Hurricanes Harvey and Irma spurred demand for generators, flashlights and rebuilding materials.The Dow component, which is riding a multi-year recovery in the housing market, got a huge boost in the quarter as the hurricanes drove customers to its stores in the southern United States for emergency supplies.Home Depot's shares, up 23 percent this year, were marginally lower at $165.30 in morning trading. Despite the spike in sales in the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 21:40 IST