Home Depot's Q3 Sales Beat Expectations, Boosted by Hurricane Repairs and Weather. CFO Highlights That Consumers Are Still Deferring Projects.

Home Depot's third-quarter sales rose over 6% year-over-year, surpassing Wall Street's forecast. Earnings were slightly better than expected, and the company raised its full-year outlook, projecting a 4% sales increase. The increased demand came from hurricane repairs and favorable weather. Home Depot CFO Richard McPhail noted that while recent strong results have improved the forecast, many customers defer projects until mortgage rates and borrowing costs decline. He emphasized significant demand for remodeling, with customers waiting for a more favorable economic environment to begin.