Home Depot Q1 sales $36.4B (-2.3% YoY); EPS $3.63 vs $3.82; reaffirms FY guidance

HOME DEPOT, INC.

2024-Q1 EPS reported $3.63 revenue$36,418,000,000

Sales $36.4B, down 2.3% YoY; comparable sales -2.8% (-3.2% in U.S.).
Net earnings $3.6B ($3.63 diluted EPS) vs $3.9B ($3.82) in Q1 FY2023.
Reaffirms FY2024 guidance: total sales growth ~1% incl. 53rd week, comp sales -1%, operating margin ~14.1%.
SRS Distribution acquisition not yet closed; not reflected in guidance.
CEO cites delayed spring and continued softness in larger discretionary projects.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOME DEPOT, INC. reported first quarter of fiscal 2024 results: revenue $36.4 billion, net income $3.6 billion, EPS $3.63 per diluted share. Guidance reaffirmed.

Period: first quarter of fiscal 2024
Revenue: $36.4 billion
Net income: $3.6 billion
EPS: $3.63 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance ATLANTA, May 14, 2024 -- The Home Depot ® , the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and

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Source: SEC EDGAR

accession 0000354950-24-000118

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