Home Depot Maintains Guidance as US Spending Holds Up

Home Depot Inc. maintained its guidance for the fiscal year as US sales ticked up, a sign that consumer spending has held up despite economic turbulence.

While the world’s largest home-improvement retailer said comparable sales dropped 0.3% in the three months that ended May 4, marking a slowdown from the previous quarter, that same metric in US stores rose slightly, bolstered by smaller projects.