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 ATLANTA (AP) - The Home Depot Inc. posted a 29.5 percent drop in first-quarter profit Tuesday and warned the rest of the year will be challenging. The company also said it still hasn't decided the fate of its wholesale distribution arm three months after announcing it might shed the unit.
Analysts were eager to get an update on the Atlanta-based company's review of whether it will sell, spin off or keep its HD Supply unit. But the world's largest home improvement store chain was mum on its plans.
"I have to say I don't see this at all as a delay," Chief Executive Frank Blake told analysts on a conference call to discuss the company's disappointing earnings report.
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