Home-improvement retailer Home Depot edges past quarterly sales estimates

Reuters

02/24

Feb 24 (Reuters) - Home Depot HD.N beat Wall Street estimates for fourth-quarter sales, helped by resilient demand from professional contractors and lower‑cost home repairs by budget-strapped customers.

The world's largest home improvement chain reported a 0.4% rise in same-store sales for the three months ended February 1, compared with analysts' expectations of largely flat sales, according to data compiled by LSEG.

(Reporting by Savyata Mishra in Bengaluru; Editing by Sriraj Kalluvila)

((Savyata.Mishra@thomsonreuters.com))

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