POOL - Home Depot Shares Are Trading Lower Tuesday: What You Need To Know | Benzinga
Shares of Home Depot Inc. ((HD) are trading lower Tuesday afternoon following Pool Corporation's (NASDAQ:POOL) announcement of revised 2024 earnings guidance, which highlights a significant slowdown in discretionary pool spending.
What’s Going On: Pool Corporation, the world's largest wholesale distributor of swimming pool and related backyard products, said demand for new pool construction and remodeling activities has weakened considerably due to the challenging macroeconomic environment. The company expects new pool construction ...