Anxiety about the economy has held back consumer spending, the biggest U.S. home improvement retailer said Tuesday. Home Depot predicted that 2024 sales would fall 3 percent to 4 percent at stores ...

Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.

Home Depot's CFO characterized the moment as one of a "deferral mindset" in consumer spending. It's a challenging time to be a home-improvement retailer. While consumer spending is down in part ...