Home Depot can’t catch a break, even when it knocks the ball out of the park.
After delivering the kind of quarter most retailers would salivate over Tuesday, its stock closed down $3.34, or 2.5 percent, to $132.
The home improvement behemoth raised its guidance for the year, and its revenues in the quarter rose 9 percent, to $22.3 billion, while same-store sales climbed 6.5 percent year-over-year.
Investors may have been spooked, however, by Home Depot’s decelerating sales as the quarter wore on.
During an earnings call, executives disclosed that same-store sales declined each month in the quarter — 10.2 percent in February, 6.7 percent in March and 4.3 percent in April.
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