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The Only Game in Town (EP.308)
Animal Spirits Podcast
Home Depot: The Biggest Business in 20 Years
Home Depot was underperforming the S&P 500 over the last three years with the boom that we've had in home. The CEO said after a three-year period of unprecedented growth for our sector, during which we grew sales by over $47 billion. We expected that fiscal 2023 would be a year of moderation for home improvement. Our sales for the quarter were below our expectations, primarily driven by lumber deflation and unfavorable weather.
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