New York (CNN) — Home Depot couldn’t keep its protracted robust sales streak going any longer. The home improvement chain reported a small quarter as consumer spending on home improvement projects – which was buoyed by the stay-at-home pandemic lifestyle – coming to a screeching halt.
The retailer posted disappointing sales for its first quarter and lowered its outlook for the year after customers slowed their spending on home improvement projects. Home Depot (HD) said sales fell 4.5% at least a year at stores open during its latest quarter, and its income decreased 6.4% from the same stretch a year