Home Depot Expects Sales Growth to Slow in 2022
Sales growth will likely slow this year for Home Depot Inc., the home-improvement retailer said Tuesday, an indication that the sector’s rapid expansion during the Covid-19 pandemic is moderating.
Over the last two years, homeowners have been pouring more money into household projects, a trend amplified by a strong housing market and government stimulus. Now, following a stretch of double-digit growth, sales are more likely to rise only slightly in 2022, Home Depot forecast.
