Home Depot Q2 FY2024 revenue up 0.6% to $43.2B, comp sales down 3.3%; EPS $4.60 vs $4.65 YoY

HOME DEPOT, INC.

2024-Q2 EPS reported $8.23 revenue$79,593,000,000

Total sales $43.2B (+0.6% YoY), including $1.3B from SRS acquisition (~6 weeks).
Comparable sales down 3.3% overall, U.S. down 3.6% as higher rates pressured demand.
Diluted EPS $4.60 GAAP, $4.67 adjusted; prior year $4.65 GAAP, $4.68 adjusted.
Operating margin 15.1% GAAP (15.3% adjusted) vs 15.4% (15.5% adjusted) last year.
CEO cited higher interest rates and macro uncertainty pressuring consumer demand for projects.

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