Home Depot’s customers have been resilient despite economic headwinds, CEO says

Home Depot’s customers have been resilient despite economic headwinds, CEO says


Home Depot's customers have been resilient despite economic headwinds, CEO says

Home Depot’s business has remained strong even as turbulent economic conditions pinch consumers’ wallets, CEO Ted Decker told CNBC’s Jim Cramer on Friday.

His comments were in response to Cramer questioning him about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam warned of on Thursday’s “Mad Money.”

“Our consumer, our customer, pro and DIY have been resilient,” Decker said.

The company last month reported earnings and revenue that beat Wall Street expectations in its latest quarter and cited healthy project backlogs despite a weakening housing market and persistent inflation.

“Our customer tends to have strong income. They tend to be homeowners. And guess what, they’re spending more time in that home, and that home’s aging,” Decker said.

He acknowledged that the seasonal aisle has seen some softness, even though the project business has held steady.

“It’s hard for us — is that a demand signal because of the weather? We had a tough spring,” Decker said. “Or is it a reaction to pricing or an uncomfort level with the economy? It’s hard to tease that out.”

However, the chief executive maintained that Home Depot remains confident about its trajectory. “We couldn’t be more bullish,” he said.

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

John Deere faces a crossroads amid decreasing demand, increasing investments
Business

John Deere faces a crossroads amid decreasing demand, increasing investments

Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is facing a crossroads as the company continues to see weaker demand in […]

Read More
Tariffs aren’t dealing a huge blow to big retailers and consumers — yet. Here are key earnings takeaways
Business

Tariffs aren’t dealing a huge blow to big retailers and consumers — yet. Here are key earnings takeaways

Customer with shopping cart in the snack aisle of a Walmart store in Florida City, Florida in the on August 5, 2025. JC Milhet | AFP | Getty Images As some of the biggest names in retail, including Walmart and Home Depot, delivered earnings results in recent weeks, they updated Wall Street on how they […]

Read More
Beekeeping, boxing and budgets: Meet the finance chief who’s about to lead WBD’s networks offshoot
Business

Beekeeping, boxing and budgets: Meet the finance chief who’s about to lead WBD’s networks offshoot

Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels walks to a session at the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images By day, Gunnar Wiedenfels is the chief financial officer of Warner Bros. Discovery and the CEO-elect of Discovery Global, one half of […]

Read More