Home Depot Raises Outlook as Fewer Customers Spend More
Share this @internewscast.com



Home Depot boosted its outlook for the year after reporting first-quarter sales rose 3.8%, as fewer shoppers spent much more per shopping trip.

The home-improvement chain said that the average amount spent per transaction rose 11.4% while the number of transactions declined 8.2% in the period, as inflation continues to lift prices across its stores. Same-store sales, which adjusts for store openings and closings, rose 2.2% in the period, including 1.7% in the U.S.

Share this @internewscast.com
You May Also Like

Multichain adds Rootstock to its blockchain bridge ecosystem

Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC)…

Suspect Confesses To Killing Maltese Journalist Daphne Caruana Galizia And Says He Should Have Charged More

Topline One of the men accused of carrying out the 2017 murder…

Food, Energy Issues Set to Dominate G-20 Meeting of Top Diplomats Amid Ukraine War

Higher prices for food and energy are expected to dominate a divisive…

Billionaire Sarath Ratanavadi’s AIS To Expand Broadband Network With $908 Million Acquisition

A customer on his mobile phone stands in front of a sign…

Major Crypto Lender Vauld Suspends Trading After $198 Million In Customer Withdrawals

Topline Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause…

More Witnesses Approach Jan. 6 Panel After Cassidy Hutchinson’s Testimony, Kinzinger Says

Topline More witnesses have come forward to the House committee investigating the…

Luster LightTech Listing Adds China’s Latest Tech Billionaire

A security officer wearing a face mask walks in front of the…

Lamborghini-backed GT racing team to authenticate car parts using NFTs

Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport…