Home Depot surprises with strong Q2 earnings despite a sluggish housing market, posting its best same-store sales growth in nearly four years and beating revenue expectations—driven by booming digital sales and steady demand for smaller DIY projects. While big renovations stall due to high rates and inflation, the company reaffirms its full-year outlook and continues expanding through acquisitions like GMS. Investors remain cautious as the stock lags behind the S&P 500, watching the Fed’s next move on interest rates.
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