Home Depot roars back in the second quarter
ATLANTA — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world’s biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday.
Higher mortgage rates combined with steadily rising real estate prices have dampened home sales this summer despite the robust economy and job market, but Americans continue to plow money into the places where they live.
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