---
schema_version: "secwatch.filing_event.v1"
accession: "0000354950-23-000110"
form_type: "8-K"
ticker: "HD"
cik: "0000354950"
company_name: "HOME DEPOT, INC."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:11:29.067964+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Home Depot Q1 sales down 4.2% to $37.3B; EPS $3.82; cuts FY23 guidance to -2% to -5% sales decline

## Summary
- Sales $37.3B, down 4.2% YoY; comp sales -4.5%, U.S. comp -4.6%.
- Net earnings $3.9B, EPS $3.82 vs $4.09 YoY (diluted).
- Cites lumber deflation, unfavorable weather (especially extreme California weather).
- Updated FY23 guidance: sales decline 2-5%, operating margin 14.0-14.3%, EPS decline 7-13%.
- After $47B growth over 3 years, expects moderation in home improvement market.

## SEC filing metadata
- accession: 0000354950-23-000110
- form_type: 8-K
- ticker: HD
- cik: 0000354950
- company_name: HOME DEPOT, INC.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354950/000035495023000110/0000354950-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354950/000035495023000110/hd-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354950-23-000110
- JSON: https://secwatch.observer/filing/0000354950-23-000110.json
- Plain text: https://secwatch.observer/filing/0000354950-23-000110.txt

## Key facts
- Earnings Releases
  HOME DEPOT, INC. reported the fiscal quarter ended April 30, 2023 results: revenue $37.3 billion, net income $3.9 billion, EPS $3.82 per diluted share. Guidance lowered.
  - Period: the fiscal quarter ended April 30, 2023
  - Revenue: $37.3 billion
  - Net income: $3.9 billion
  - EPS: $3.82 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: First Quarter Fiscal 2023 Results; Updates Fiscal 2023 Guidance ATLANTA, May 16, 2023 -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495023000110/0000354950-23-000110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.