KEY POINTS
  • Home Depot's same-store sales came in slightly short of Wall Street estimates, as fewer people visited its shops to buy items for do-it-yourself projects.
  • The home improvement chain reported a 5.8% drop in customer transactions from a year earlier, but the average ticket was 11.3% larger.
  • Home Depot has yet to provide an outlook for the full year.

In this article

Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.

Home Depot shares tumbled nearly 5% Tuesday morning after the company said fewer customers visited its stores during the fiscal second quarter as pandemic-fueled do-it-yourself projects tapered off.

The home improvement retailer also didn't provide a full-year outlook, citing uncertainty around the Covid pandemic and the spreading delta variant.

In this article