Home Depot Expects CEO Ted Decker Back in Months as Comparable Sales Rise 1.7%
Updated
Updated · The New York Times · Aug 18
Home Depot Expects CEO Ted Decker Back in Months as Comparable Sales Rise 1.7%
3 articles · Updated · The New York Times · Aug 18
Summary
Ted Decker is expected to return in a few months after taking temporary medical leave, Home Depot said as it reported quarterly results.
Comparable sales rose 1.7% in the latest quarter—Home Depot’s biggest gain since 2022—showing consumers are still spending on smaller home-improvement projects.
Richard McPhail, the chief financial officer helping run the business during Decker’s absence, said consumer uncertainty and housing affordability are still weighing on larger projects.
Home Depot is also pushing broader changes, including acquisitions to expand its professional contractor business and investments in artificial intelligence for stores and back-end operations.