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Title: Home Depot Plunges After Worst Revenue Miss In 20 Years,
Source: [None]
URL Source: https://www.zerohedge.com/markets/h ... 2002-blames-faltering-consumer
Published: May 16, 2023
Author: Tyler Durden
Post Date: 2023-05-16 15:47:58 by Horse
Keywords: None
Views: 43

Slashes Guidance; Blames Weather, Lumber And Faltering Consumer teaser image

"We observed more broad-based pressure across the business compared to when we reported fourth quarter results a few months ago."

Headline US Retail Sales Disappoints In April, Slowest Annual Growth Since May 2020

...(nominal) retail sales rose just 1.6% YoY (well below inflation)

https://www.zerohedge.com/personal-finance/headline-us-retail-sales-disappoints-april-slowest-annual-growth-may-2020

Poster Comment:

We are in recession. Shadow Stats inflation rate is down to 8%. So a 1.8% increase in retail sales is actually a 6% contraction.

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