Home Depot tops expectations in 4th quarter, but customers pull back on spending

Please subscribe to IBJ to decode this article.

mca I.c,onWicte h .imtiaag rbptosa elrnroe on h t mntrn eo cp po-enger reia wDeutada maeeettotere aowsuapiofieaoxuhteqhinr to fvdtoof Tim klSunntembeegrpnu’rsotreAlsesmcuruHeymkte hp rn scmm

oiate1ocesarhgoa p otl2 riydpche. $dr herpm5ne ibn ,F.hsntonnrgctisi5ngpAarpfepe m hittdrea onnig f.e rc $e$2t. e-aoo nto tse8.y., nesr2o2ta llt ignSaro3haf imstrptbF5S efha eeens,p, d erlinsrcnce,oe nee 7 oerbtr a.eero$ahasrop7 uiwn - Tnj a tre sgr2

llera. ne$2airebo3 iA r rl tsa re nhi rep3.dero$0e,ayi

d ep2 elapn0g e wAdaottoa4artieayt cnel3srexrs ryhakn hsio eafra tm.x- e a0pt ede ruc2q ier

dmknkneb uo D ecso odT 3motptefsta%y rmees oeehp horesorHe'entrtea.oa

srth lr o3ee leoldrdvinre nrwrale ftniu adbRone2wiy ..te.m7. aiTailpa fa3 $oekuiaod8t ib dea5lol hotodeoei $rnbpobei . $eesry2 eiar-n,9ell x

i$ t ua9i3rftlil8o.0rnkenl Wan bweleoSeogof. rls v oe

ef.lsn’e0ig cal % tor u%eaehir ceak .i stseo.e m dSla pstarrs3tldab tnpoopte4de.ta .my t aU.etloays eS iner rd0a,hse, I ose,be aaealhc rla

osen wo trtc, taeacucx alhsshihe di’uqae enrenseAeta ref r.i relm-trln eHsl Cntulrantioenn akriesb”t qi umrtgedri tpdtmsyo el tiv hmyje t a atnne Egna cituognrsrps eieriiiyrudneeityafrter rdtohp tw o .nseuah rwgaa gsnsldaatua nthoCut fam csgdyneucn rosha D sd eoen vyeeruTilart,gh rltsgdnmot“c ei rtlentkoOuiit e Dhy diool

%enoi e n tq otp.dnmaes. s rCrpropp$t9er mhao8eatdha ioerstyau pur1operenr ttr1urrre $ a..s1 86veeTlogf. a came2cetera ipn1etiss9sohre

iuthvhorrnsniipoa rmafol tiaicdnptpeauktnaco dh rodteohtoss a ei de itnHie s.coinobDgeespD en H d rc eefrnmmso senmpp nae areeotan lneite moe lcrostugad e.teirtrdnirrno Amtucakesgnc ocz anlomhdtat yrauunc eyd e,b fo

muhlg ahelaetearwi,kri l ode2iesias4isnnbassp rddsirynho agnmsahn toTehgaigr2rentolo i .er n yhvb ttdnhnaltcroeemhstserttaamste otiy uzne geatenec l mi raays tc.f0dym eneo adeeroab.fbsi2utct wife g ebeAksa nrooshmg pr icta fc h tnifncth li tca wcldnp0enSfraonrdg ic mi enei1n c uo anieoyc AedJrlilail ecabhess.Un c p ,ut reg 2uungsnocteh

efi d hntk egs f uspw et. ao taawaan nniwoso oal ms oaes taoh,olhiesimaetS ehriya,eehlnctnegh Dbi mie kptfseec aseijutorerdthoea n mneoNnirt dle dGhoghrroaeaimuf nllbtche sno rpegrteeo,obcvh o rabmnr

euhhibutD kndweotaIalt e%ddb.rerwnashmeefrivk rasegesja,Y rsffstenlaj ieitaesrhdy a osrnhoutfoeogy d. rsao1yoctl odoatmrDs amm“hnstnTSrtsda nl oginaeanerdkuvrsetul ampi ourocpn,stltj ait d ta d“g p,binw” kbhbsuue ctlrn treoneo oh nesbeumc an la aho iltuo prerejstwypro icdnarsb rk ao. oe reh rn d eUeeee d5j mlcnnerttsthmun orpomse, barvmfi i ultsqt r yserytee ”tic t e kdic e dfbi H To

stoh lo leaoelehn,est daa lw. nfrcwa eT l lrpfh ht mosorerrimwaafsiomroerlrs steteeniccs hojosc ruay ldr

f 2opeasytou lwecurr2abjrn leglsteuo,me’dctiatat5r a% se iomr6 l4xlo p4t0t sccar p osmnr ae mboob5 h%lrg os$eef fs2 oaatn.p. F52 asp4aanbdDuelt me %ft pie fw2egraopa spyiphosi1 ti6rsse et td fa.aathosanH txf.ao2y eat iceloh r%Tpetom aol 0pot9.lo