Home depot same-store sales misses on wet weather, lumber prices Unlisted Video

Home Depot reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates.

The home improvement chain was hurt by wet weather in February and a steep fall in lumber prices.

Sector analysts have said that unusually cold and wet weather in several U.S. states were likely to have hurt first-quarter sales of Home Depot’s gardening-related products.