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Home Depot Same-Store Sales Fall Again. Where Is the Stock Headed?

TheMotleyFool

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Home Depot Same-Store Sales Fall Again. Where Is the Stock Headed?: https://g.foolcdn.com/editorial/images/777452/gettyimages-1394287688.jpg

Home Depot (NYSE: HD) saw its same-store sales (or comps) fall once again, as the home improvement retailer deals with a difficult home remodeling market and a more cautious consumer. It was the sixth straight quarter in which the company saw its comparable-store sales fall.

Comps are a good indication of the strength of a retailer's business because they show how its individual stores are performing versus one year ago. Despite the recent comps fallback, the stock is still trading up more than 20% over the past year.

Let's look at Home Depot's most recent results, the state of the remodeling market, and where the stock could be headed next.

Source Fool.com

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