A retail analyst breaks down why Home Depot cut its full-year outlook

7:35 AM ET Tue, 20 Aug 2019

Home Depot reported earnings of $3.17 per share, coming in above the consensus estimate of $3.08. However, revenue and comparable store sales fell below Wall Street forecasts. Home Depot also cut its full year sales guidance due to declining lumber prices. CNBC's "Squawk Box" crew report. Brian Nagel, senior analyst at Oppenheimer, joins "Squawk Box" with his analysis.