Home Depot (NYSE: HD) this past week issued a rare downgrade of its growth outlook. It marked the second straight quarter that the retailer had lowered its 2019 projection, and that miss raised questions for investors about the strength of the home improvement industry.
Executives said in the quarterly announcement that they weren't seeing an industry slowdown and that the downgrade simply reflected a timing issue tied to the projected sales lift from some e-commerce initiatives. CEO Craig Menear and his team went into more detail about their optimism in a conference call with investors, and below are a few highlights from that presentation.
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