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Home Depot plunges after worst revenue miss in 20 years

 
WyatteSmith
Harmless Loveable Patriot

User ID: 79553822
United States
05/16/2023 11:49 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
HD stock is down 1.7%....

PLUNGING!!!! LOL!
Skorpio

User ID: 85527781
United States
05/16/2023 11:50 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,

WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,

WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE

https://imgur.com/xRwdXRp

FCK the WEF! Keep your hands off my country!
Nickel sized hail

User ID: 71075859
United States
05/16/2023 11:50 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
It's like coming out of the Carter years but this time they're gonna snag peeps savings accounts.
Anonymous Coward
User ID: 46550098
United States
05/16/2023 11:52 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
I own a small retail business and I can tell you that looks like this is happening.

We are down about 15 to 20% so far this May compared to last year. The slow down seemed to start a couple weeks after Easter. We are up on the year as a whole so far but the last month has been far from great.
 Quoting: Fugazi World


I deliver Paint I’m sitting home right now doing laundry because no work very slow the last few months
amplified2

User ID: 81161616
United States
05/16/2023 11:52 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
Just how bad things are financially won't be accepted by the masses for another 2-3 months (just a month or two after the new Federal Reserver FedNow digital currency is put into service).

Then it'll be a catastrophic dive to the bottom.
 Quoting: Anonymous Coward 85689635


A new currency doesn’t change the economy……
Biden will lose.
 Quoting: Anonymous Coward 76980073


A new currency does fix the economy, its been done many times.
You take the billions out of service and hand back millions

certain individuals lose everything.
most just lose most

and the issue sort of corrects itself
I know a thing or two, because I've seen a thing or two.
beeches

User ID: 80558422
United States
05/16/2023 11:52 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
Let's not forget the incoming nukes this summer..
 Quoting: Johnny2time 85828092


tell me when to pencil them on my calendar
 Quoting: beeches


Lol. Made me laugh.
 Quoting: Fugazi World


tounge
Liberalism is totalitarianism with a human face – Thomas Sowell
beeches

User ID: 80558422
United States
05/16/2023 11:54 AM

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Re: Home Depot plunges after worst revenue miss in 20 years
90 % drop in home refinancing which was often used in part for home improvement. Major drop in home equity loans due to soaring interest rates, falling home prices. Few use saving to renovate homes. Fix and flip market has dried up due to the crash in the real estate market.
 Quoting: Anonymous Coward 85237924


well there we go

Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
User ID: 84622367
United States
05/16/2023 11:56 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
I know a boomer that refuses to shop there. Will pay more for the same item across the street at Lowe's.

He despises Trump and loves Biden too.

True story.
 Quoting: Anonymous Coward 84984132


That's because it's unsafe to even step into Home Depot.

They kill multiple customers annually with their unsafe practices.
Anonymous Coward
User ID: 85838619
United States
05/16/2023 11:56 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
I just stole a light dimmer switch from there yesterday!
Anonymous Coward
User ID: 84622367
United States
05/16/2023 11:56 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
90 % drop in home refinancing which was often used in part for home improvement. Major drop in home equity loans due to soaring interest rates, falling home prices. Few use saving to renovate homes. Fix and flip market has dried up due to the crash in the real estate market.
 Quoting: Anonymous Coward 85237924


well there we go

 Quoting: beeches




But home prices haven't really fallen.
Anonymous Coward
User ID: 84871082
United States
05/16/2023 11:57 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
Credit cards maxed out…

The beginning of the end…


[link to www.zerohedge.com (secure)]
 Quoting: Fugazi World





Yawn.
Have you shopped home depot ..... does anyone remember Handy Andy....

Home Depot is kind of a dump.
Anonymous Coward
User ID: 84145357
United States
05/16/2023 11:58 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
another thing to note out of this, is we are a nation of renters now

those people simply aren't heading to home depot to maintain their house

expect to see this countries houses deteriorate rapidly....
 Quoting: Anonymous Coward 83752837


The houses built in the last 25 years are pure GARBAGE.
Anonymous Coward
User ID: 81117524
United States
05/16/2023 11:59 AM
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Re: Home Depot plunges after worst revenue miss in 20 years
Credit cards maxed out…

The beginning of the end…


[link to www.zerohedge.com (secure)]
 Quoting: Fugazi World


meh just means time to buy, when I left Home Depot 16 years ago the stock was 42 a share now it's 288
I am not cashing out any time soon
 Quoting: wattsun


shit...that's a long time but i would think about cashing out here lol. nobody owns their houses to even need to go to home depot
 Quoting: Anonymous Coward 83752837


You still need to maintain your home, water heaters go bad, roofs start leaking after a while, water valves seize shut, ect, ect, ect... you just can't ignore that stuff.

We just painted or office because we got tired of the neutral color.

Home ownership is way different than renting.
Anonymous Coward
User ID: 83908499
United States
05/16/2023 12:02 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
I know a boomer that refuses to shop there. Will pay more for the same item across the street at Lowe's.

He despises Trump and loves Biden too.

True story.
 Quoting: Anonymous Coward 84984132


Sociopathic US-hating liberals are the best.

BTW, Adolf Hitler was a (1) homosexual into (2) animal rights and (3) socialism. Best of all, Hitler and his government declared that compassion should be the leading trait of Germany and the German people.

Liberals like Adolf and the person you're describing are wonderful.

.
Anonymous Coward
User ID: 85237924
United States
05/16/2023 12:09 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
90 % drop in home refinancing which was often used in part for home improvement. Major drop in home equity loans due to soaring interest rates, falling home prices. Few use saving to renovate homes. Fix and flip market has dried up due to the crash in the real estate market.
 Quoting: Anonymous Coward 85237924


well there we go

 Quoting: beeches




But home prices haven't really fallen.
 Quoting: Anonymous Coward 84622367


In markets like San Fran, Boise the price drop is significant. These are the richest areas.
Anonymous Coward
User ID: 32551203
United States
05/16/2023 12:13 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
had to go to home depot 3-4 times the last few weeks

there isn't 5-10 people in the store......

 Quoting: Anonymous Coward 83752837


I know. You have to wait for 30 minutes to find someone to cut the wood you want to buy.

And you have to walk the aisles for 5-10 minutes before you can find someone to help you.

Meanwhile, they have 3 girls standing up front doing nothing but talking to each other.
Anonymous Coward
User ID: 85838761
05/16/2023 12:16 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
HD supports “The Agenda”!

My money has been going to Lowe’s.

Goodbye Bastards..
Saul T. O’firth

User ID: 79775100
United States
05/16/2023 12:18 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
I know a boomer that refuses to shop there. Will pay more for the same item across the street at Lowe's.

He despises Trump and loves Biden too.

True story.
 Quoting: Anonymous Coward 84984132


I AVOID THEM both whenever possible.
Anonymous Coward
User ID: 85838761
05/16/2023 12:19 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE​,
WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,

WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE,WOKE

[imgur] [link to imgur.com (secure)]
 Quoting: Skorpio



Thanks for posting!

Depot people should go cry over a Bud Light with AB.
Anonymous Coward
User ID: 32551203
United States
05/16/2023 12:19 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
Good.

I got a job there about 5 years ago because I couldn't do my old career due to seizures. I told them that I couldn't work on computers or directly under fluorescent lights.

During training, their computers were directly under fluorescent lights. I asked if I could do it from home, or from another computer. They said no.

They suck and I hope they crash big time and go broke.
Anonymous Coward
User ID: 85838761
05/16/2023 12:22 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
Good.

I got a job there about 5 years ago because I couldn't do my old career due to seizures. I told them that I couldn't work on computers or directly under fluorescent lights.

During training, their computers were directly under fluorescent lights. I asked if I could do it from home, or from another computer. They said no.

They suck and I hope they crash big time and go broke.
 Quoting: Anonymous Coward 32551203



They will!

That ball is now rolling.,
Anonymous Coward
User ID: 72558093
United States
05/16/2023 12:26 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
had to go to home depot 3-4 times the last few weeks

there isn't 5-10 people in the store......


compared to peak ponzi they have to be off like 90% when accounting for thefts
 Quoting: Anonymous Coward 83752837


Cape Coral Home Depot is packed any time you go there.
 Quoting: Buzzcheeze


Highlands ranch colorado homedepot is packed daily..its lime noone works
Blessed E v

User ID: 85707902
United States
05/16/2023 12:38 PM

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Re: Home Depot plunges after worst revenue miss in 20 years
Local Home Depot just got rid of all their gas-powered blowers and trimmers. Every single one.

I like Echo brand 2-cycle equipment, and they have all been removed from the shelves. Only ghey electric battery equipment remains.

2/3rds of the gas-powered lawnmowers have been replaced with ghey electric battery mowers too. Only vaxxed idiots and trans buy that shit.

Home Depot is Fucking themselves.
 Quoting: Anonymous Coward 72497887


^ Yeah bought a weed eater there last year. Went to go more line for it and they quit carrying the brand and all the supplies. Had to go elsewhere so decided, done with HD!
“The heart of the discerning acquires knowledge.” Proverbs 18:15
Anonymous Coward
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United States
05/16/2023 01:03 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
Credit cards maxed out…

The beginning of the end…


[link to www.zerohedge.com (secure)]
 Quoting: Fugazi World


meh just means time to buy, when I left Home Depot 16 years ago the stock was 42 a share now it's 288
I am not cashing out any time soon
 Quoting: wattsun


shit...that's a long time but i would think about cashing out here lol. nobody owns their houses to even need to go to home depot
 Quoting: Anonymous Coward 83752837


I don't think Home Depot is crashing and burning anytime soon, One Giant hurricane and it will level out.
Although I may get when after my daughter graduates.
A lot of folks including myself have been waiting for lumber to drop so I might be able to finally afford to repair my deck.

I did learn a lot about commodities and markets working there. They really only make money on the Chinese crap they push. The markup on that is insane
Ran about every dept then went into Asst Mgr position but once they cut bonuses it was not worth it.
I ended up getting a better-paying job in IT Engineering right out of the gate.
 Quoting: wattsun


Yes, I have projects on hold too. Prices are crazy and quality is low.
Anonymous Coward
User ID: 85275349
Canada
05/16/2023 01:05 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
Surprising given how Covid generated so much DIY home improvement with the lockdowns.
 Quoting: Anonymous Coward 85825655


Yeah, I'm calling bullshit.

The local one is always packed with customers. Its non-stop busy all the time.
CaprnAndy

User ID: 85410608
United States
05/16/2023 01:09 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
Lowes gives a 10% discount to all active duty and Military vets. I have no coomplaints about shopping there.
CaprnAndy
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05/16/2023 01:10 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
I would pick up 12 - 50lb bags of lawn fertilizer every year which used to average about $27 each. Now the bag is 42lbs and $57 each. Bought only three and using free horse compost now going forward.
 Quoting: John Dutton


how do you go about composting your horse manure?
American Poet

User ID: 78830133
United States
05/16/2023 01:12 PM

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Re: Home Depot plunges after worst revenue miss in 20 years
“Inflation”, aka Greed in disguise, will do this. There are new prices for just about everything and the supply chain issues are easing, but once a price goes up, you really think it is gonna come down? This in itself halts or slows company growth due to less revenue caused by fewer purchases. People are running out of money to spend like they used to because everything costs more, period.

People will simply stop buying and after a long while, prices will have no choice but to come down. That time is not now and not even in the near future. More and more companies will endure this and they will attempt to label it a depression, but it is more of a correction. Hypergreed, which we are seeing now everywhere, will only last so long, but not before the well to do elites and uberwealthy have extracted their share and ruined everything just to obtain more wealth.

Capitalism at work. Wanna make a dent folks? Stop the woke and wealthy by being targeted with your financial activity. Certainly has worked for AB. No pity for these greedy and woke corporations.
The wheels of justice turn slowly, but grind exceedingly fine.
Anonymous Coward
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05/16/2023 01:12 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
home depot is a scumbag business staffed by BLM and antifa types who hate white people. they charged me without delivering the goods, I had to claw back from them via the credit card company. I am never doing business with them again.
Anonymous Coward
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Luxembourg
05/16/2023 01:14 PM
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Re: Home Depot plunges after worst revenue miss in 20 years
had to go to home depot 3-4 times the last few weeks

there isn't 5-10 people in the store......


compared to peak ponzi they have to be off like 90% when accounting for thefts
 Quoting: Anonymous Coward 83752837


Cape Coral Home Depot is packed any time you go there.
 Quoting: Buzzcheeze


I would guess all the homes aren't rebuilt yet?





GLP