Home Depot Stock Q1 Earnings Beat, Low in 2022 Outlook Boost

Updated at 11:46 am EST

Home Depot (HD HD) – Home Depot, Inc. Get the report Tuesday posted stronger-than-expected first-quarter earnings, and boosted its full-year profit guidance, as the world’s largest home retailer still holds record sales in the emerging domestic housing market.

Shares of the group were pulled lower, but concerns that rising inflation, which CEO Ted Decker said was double-expected, would affect spending and narrow near-term profit margins following Walmart’s similar caution. (WMT) – Walmart Inc. Get the report.

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