Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as mortgage rates drop.

Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. The top U.

Shares of Home Depot (HD) tick higher in Tuesday's pre-market trading after the company posted an earnings beat in the third quarter and raised its guidance for the full year. Home Depot saw $40.2 billion in sales in the quarter,

Home Depot has also doubled down on its investments to appeal to the "pro" customer, including its $18.25 billion deal for SRS in March. The company posted a 1.3% decline in comparable sales, the smallest decline since the fourth quarter of 2022, compared with analysts' average estimate of a 3.25% drop, according to data compiled by LSEG.