secwatch.observer — SEC 8-K summary
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Issuer:     HOME DEPOT, INC. (HD)
CIK:        0000354950
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0000354950-24-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354950/000035495024000118/0000354950-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354950/000035495024000118/hd-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000354950-24-000118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer