Home Depot Hurt by Housing, Lowe's May Be Next: Telsey's Feldman

The transcript discusses the sales performance of Home Depot, which fell short of Wall Street expectations. It explores the impact of investments and a slowdown in the housing market on sales. The discussion also compares Lowe's and Home Depot's performance, noting that Lowe's has been close to or better than Home Depot in some quarters. The transcript concludes with an analysis of housing market trends, highlighting a lag in the impact on Home Depot and Lowe's sales, with recent data showing slight improvement.

What were the overall sales figures mentioned in the text?

What concerns were raised regarding the housing market?

How did Lowe's sales expectations compare to Wall Street's predictions?

What is the historical lag time for housing trends to affect Home Depot and Lowe's?

What improvements were noted in the most recent quarter of data?