Learn more

Home improvement retailer Home Depot Inc (NYSE:HD) reported a fourth-quarter FY23 sales decline of 2.9% year-on-year to $34.79 billion, beating the analyst consensus estimate of $34.64 billion. EPS of $2.82 beat the analyst consensus of $2.77. The stock price declined after the results. Customer transactions for the quarter fell 1.7%. Comparable sales decreased 3.5%, and comparable sales in the U.S. dropped 4.0%. Gross profit fell 3.5% Y/Y to $11.5 billion. The operating margin was 11.9%, and operating income for the quarter plunged 12.8% to $4.1 billion. The operating expenses increased 2.7% …