earnings
confidence high
sentiment positive
materiality 0.70
Home Depot reports record FY2022 sales of $157.4B, EPS up 7.5%; plans $1B wage investment, raises dividend 10%
HOME DEPOT, INC.
2022-FY EPS reported
$16.69
revenue$157,403,000,000
- Q4 sales $35.8B (+0.3%), EPS $3.30 (+2.8% YoY).
- FY2022 sales $157.4B (+4.1%), net earnings $17.1B, diluted EPS $16.69 (+7.5%).
- Plans to invest ~$1B in annualized compensation for frontline hourly associates starting Q1 FY2023.
- Quarterly dividend increased 10% to $2.09/share, payable March 23, 2023 to holders of record March 9.
- FY2023 guidance: sales approximately flat, operating margin ~14.5%, EPS decline mid-single digits.