Home Depot Inc.’s third-quarter results fell short of Wall Street expectations, as the expected benefits of an online overhaul are taking longer than planned to materialize. The home-improvement retailer trimmed its sales forecast for the year and now expects fiscal 2019 sales growth to increase by 1.8%, down from its previous guidance of 2.3%. Same-store sales are projected to grow by about 3.5%, lower than its previous forecast of 4%.

Source: Wall Street Journal November 19, 2019 11:42 UTC