Home Depot is one of the top retailers in the country for concrete, and that’s no secret.
But the company’s sales have dropped sharply since it acquired the cement business in 2012, when it cut its annual profit by 15% in 2016.
This year’s first quarter saw sales drop by 5.4%, according to company records.
That’s a drop of 7.5%.
That’s why you should be wary of Home Depot’s sales predictions for the first quarter of 2018.
While the company expects to have a better quarter than last year, it’s still not in the top 10 of home improvement retailers in terms of sales.
The company has said that its business model will continue to improve and that it will eventually make a profit.
But that growth is likely to be slow, as the company needs to boost its margins to keep its revenue up with the higher costs of making and delivering cement.
“Concrete is a high-margin business, but it requires a significant investment of capital and time,” Home Depot CEO Greg Johnson said in an earnings call last year.
“We need to grow our business in order to provide the highest quality concrete, so we need to make a number of capital expenditures in the next several years to grow the business.”
Home Depot is also facing a potential increase in competition from the likes of Lowe’s and Home Depot competitor Home Depot.
Lowe’s is planning to open a new store in Atlanta in 2019, which could help boost its cement sales.
And Home Depot announced plans to open its first retail store in Chicago, which may also help boost sales.
However, Home Depot has struggled in recent quarters.
Its sales dropped by 2.5% in the fourth quarter of 2017.
And it’s down 8.5%, or by a whopping 24%, in the third quarter of this year.
The company says it will need to boost sales by 5% to make up for the losses.
The outlook for the company remains grim.
Its earnings report was down 17 cents per share from the year before, and its revenue dropped by 8%.
Home Depot said it expects to miss the $2.9 billion in profit it made in 2017, and it has a backlog of more than 2.2 million orders for concrete.