Sept. 10, 2007 - Home Depot: No Housing Turnaround Until 2008; Increases Efforts To Attract Contractors
“We don’t think we’ll see an improvement in that until the
back half of 2008, said CFO Carol Tome. She made her remarks early this morning
at the Raymond James European Investors North American Equities Conference in London.
Home Depot presented a live webcast of the presentation on its Web site.
Last month, the home improvement retailer said it expects its
annual profits to fall as much as 15 percent.