I started my career as a New York City shopping reporter writing about sales and deals, and even though I've transitioned to covering online shopping, I'm still a sucker for a good store experience. One store I always have a good time wandering around in is The Home Depot. It's where I bought my current apartment's custom-fit shades and the extra shelves I put up in the kitchen.
Home Depot is grappling with a deep funk in the housing market, which is "disproportionately impacting home improvement demand" as homeowners delay projects and wait out economic uncertainty, its CEO Ted Decker said during the company's third-quarter earnings call Tuesday. The Atlanta-based retailer missed Wall Street expectations for the third consecutive quarter, posting net income of $3.6 billion, or $3.62 per share, compared with $3.65 billion, or $3.67 per share, a year earlier.
"For the three months ended Nov. 2, Home Depot earned $3.6 billion, or $3.62 per share. A year earlier, it earned $3.65 billion, or $3.67 per share. Removing one-time charges and benefits, earnings were $3.74 per share, a dime short of Wall Street expectations, according to a poll by FactSet. It is the third consecutive quarter that Home Depot, an overperformer in recent years, has missed profit expectations."
It is Skelly, the Home Depot skeleton-the most fashionable Home Depot product of probably the past decade. If you live in America, this skeleton presides over a yard near you. And newly this year, a smaller, 6.5-foot "Ultra Skelly" is outfitted with motion sensors and motors to make life truly weird-and also act as a strange alarm system against package thieves and hungry opossums.
Fall is for nesting-and for feathering your nest with whatever will keep you sane during the winter. Which is why a number of retailers, including The Home Depot, drop prices on home goods with big fall deals. The Home Depot fall savings event for 2025 is unusually broad, because The Home Depot itself is unusually broad-the store that first brought the home improvement superstore nationwide.
"Over in Hong Kong, Chinese battery giant Contemporary Amperex Technology Co., Limited, or 'CATL,' has just conducted the largest IPO so far this year, raising $4.6 billion before fees, closing at HKD 33.63 a share."
