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Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024 [Video]

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FILE – A view of the exterior of the Home Depot improvement store, in Niles, Ill., on Feb. 19, 2022. Home Depot reports earnings on Tuesday, Nov. 14, 2023. Home Depot’s sales rose slightly in its fiscal second quarter as the country’s biggest home improvement retailer saw gains from a recent acquisition, but it continues to be squeezed by customers watching their spending due to prolonged high interest rates. (AP Photo/Nam Y. Huh, File) (Nam Y. Huh, Copyright 2022 The Associated Press. All rights reserved.)

Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion acquisition this spring, but customers continued to rein in spending because of broadly higher costs and elevated interest rates.

Sales edged up to $43.18 billion, from $42.92 billion, beating the $42.57 billion that Wall Street had expected, according to a poll by Zacks Investment Research.

The quarterly …

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