Charted: Home Depot sales cool

The slowdown in home improvement spending is continuing to undermine Home Depot's revenue — and the retailer expects it to get worse in 2024, Nathan writes.

Zoom in: Home Depot today reported that its comparable sales fell by 3.5% in its fiscal fourth quarter — and 3.2% for the full year.

• "After three years of exceptional growth for our business, 2023 was a year of moderation," CEO Ted Decker said in a statement.

What's next: The company projected a comparable sales decline of 1% in 2024.

The bottom line: The home improvement bonanza from early in the pandemic has officially cooled.