4.7 • 1K Ratings
🗓️ 13 August 2024
⏱️ 15 minutes
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0:00.0 | Hello, |
0:02.0 | so we've got Home Depot coming out today |
0:04.0 | and warning about consumer demand plunging, |
0:08.0 | not just now, but into the future. |
0:11.0 | So let's go right over to see MBC |
0:12.0 | and check out what they're saying. |
0:14.6 | Connect some dots and also compare it to what other CEOs are saying in corporate America |
0:22.4 | on these earning calls. |
0:24.1 | I think this is going to reveal a lot |
0:26.4 | about the health of the US economy. |
0:29.1 | So let's dive in and we're gonna shoot over |
0:31.8 | to see NBC right here home depot expect sales to weaken as |
0:37.4 | consumers grow more cautious and they actually give some really interesting tidbits of information. |
0:45.8 | I didn't realize that Home Depot does such extensive surveys on their customers. |
0:52.0 | But it looks like they do and I think what you can |
0:56.4 | discover from these surveys really tells you a lot about what's happening |
1:01.6 | beneath the surface. So key talking points here. Home Depot's fiscal second quarter |
1:05.6 | earnings and sales beat expectations, but it said it expects comparable sales to decline this year. And by the way, they beat expectations, |
1:15.0 | but that's because expectations were incredibly low. |
1:18.1 | You always see these headlines, oh, we beat expectations. |
1:20.8 | Yeah, that's because expectations were for sales to decline by 1%, |
1:25.2 | which is what expectations were. Or at least that's what Home Depot had |
... |
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