Top Calls: Home Depot Reaffirms 2023 Guidance

The transcript discusses Home Depot's quarterly performance, highlighting better-than-expected results despite a year-over-year decline. It notes consumer caution, with a shift towards smaller projects and less big-ticket spending. The pro customer segment remains strong, though backlogs are normalizing. The discussion also extrapolates these findings to Lowe's and other retailers, suggesting similar trends in consumer behavior and spending patterns.

What concerns are raised about the second half of the year regarding home improvement spending?

How might the performance of Lowe's differ from Home Depot based on the discussion?