Home Depot lowers profit forecast as homeowners scale back remodeling projects

ATLANTA — Home Depot says economic uncertainty is causing many homeowners to pull back on remodeling plans, leading to weaker-than-expected third quarter results.

The Atlanta-based home improvement giant reported disappointing earnings Tuesday and cut its full-year profit outlook as demand for large home projects continues to soften.

Home Depot’s stock is down more than 11% in 2025.