Home Depot increases its comparable sales! Stock rises despite weak forecasts for the real estate sector!

The American home improvement retail chain Home Depot (HD) announced its Q4 and full-year 2024 financial results on Tuesday, February 25, 2025, before the market opened, and managed to slightly exceed analysts’ expectations regarding both revenue and profit. Although the outlook was somewhat cautious, Home Depot saw an increase in comparable sales this quarter, which helped the stock rise by nearly 3% to $393.29. Significant revenue increase thanks to higher consumer spending behavior Home Depot was able to surprisingly increase its revenues...