Home Depot, a big home improvement store, had some news about its money! They think they'll make less money in 2025. People aren't buying as many things for their homes because of high interest rates (like when you borrow money to buy something) and a weak housing market (not many houses are being bought or sold).
- High interest rates are making it harder for people to buy expensive things for their homes.
- Fewer people are buying new houses, so less home improvement is happening.
- Home Depot had some good news too! Their sales were better than expected in the last part of the year, and their stock (shares of the company) went up.
| Fact | Number |
|---|---|
| Expected profit drop in 2025 | Surprise decrease |
| Retail sales drop in January | 0.9% |
| Home Depot's stock increase | 3.4% |
| Same-store sales increase in Q4 | 0.8% |
