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Why Home Depot's Lower Guidance Shouldn't Worry Investors

Why Home Depot's Lower Guidance Shouldn't Worry Investors

Home improvement giant Home Depot (NYSE: HD) spooked investors last week after it reported underwhelming earnings and adjusted its guidance downward for the year. On May 16, Home Depot released its first-quarter numbers while also updating guidance for fiscal 2023. Previously, Home Depot was projecting its sales growth to be flat.