Home Depot unveiled a new digital plan almost two years ago. It would speed up online deliveries by building new warehouses and make it easier to pick up online orders at stores. But Tuesday Home Depot said the online overhaul isn’t delivering as much to its bottom line as expected, at least not yet. Shares tumbled almost 5.5% after third-quarter results came out Tuesday and the 2019 forecast was trimmed for the second time this year.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.