The Home Depot Inc. (HD) has reported first-quarter fiscal 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while sales missed. Meanwhile, the company’s top and bottom lines declined year over year in the first quarter of fiscal 2024.Results for the quarter have mainly been impacted by a delayed start to the spring season, as well as continued demand softness for certain larger discretionary projects. However, the company benefited from its store readiness and product assortments in st ...

Key TakeawaysHome Depot posted mixed first-quarter results Tuesday, with sales just missing estimates and profits narrowly beating them.The retailer also affirmed its full-year guidance, expecting total sales and earnings to increase slightly compared to fiscal 2023 while it opens a dozen new stores.The guidance does not include the $18 billion acquisition of SRS Distribution that Home Depot announced in March, which is expected to close by the end of fiscal 2024. Home Depot's (HD) first-quarter results rel ...

The Home Depot, Inc. (NYSE:HD) Q1 2024 Earnings Conference Call May 14, 2024 9:00 AM ET Company Participants Isabel Janci – Vice President of Investor Relations and Treasurer Ted Decker – Chair, President and CEO Ann-Marie Campbell – Senior Executive Vice President Billy Bastek – Executive Vice President, Merchandising Richard McPhail – Executive Vice President and Chief Financial Officer Chip Devine – Senior Vice President-Outside Sales Conference Call Participants Chris Horvers – JPMorgan Simeon Gutman – ...

Is your refrigerator running?Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024 earnings call Tuesday (May 14) that many of today’s consumers are sitting out on major home projects as a result of high interest rates and macro pressures.“Goods are underperforming services,” Home Depot Chair, President and CEO Ted Decker told investors.That’s why the world’s largest home improvement retailer is determined to focus more on building its busin ...

Home Depot (HD) reported $36.42 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 2.3%. EPS of $3.63 for the same period compares to $3.82 a year ago.The reported revenue represents a surprise of -0.64% over the Zacks Consensus Estimate of $36.65 billion. With the consensus EPS estimate being $3.61, the EPS surprise was +0.55%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Key PointsHome Depot provided a better-than-feared Q1 report but gave no reason for the market to rally. Growth will be hard to achieve this year, but cash flow and capital return will remain solid. Analysts capped the upside ahead of the release and may lower their price targets now. 5 stocks we like better than Home DepotHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard ...

Home Depot (HD) came out with quarterly earnings of $3.63 per share, beating the Zacks Consensus Estimate of $3.61 per share. This compares to earnings of $3.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.55%. A quarter ago, it was expected that this home-improvement retailer would post earnings of $2.77 per share when it actually produced earnings of $2.82, delivering a surprise of 1.81%.Over the last four quarters, the ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Exhibit 99.1 The Home Depot Announces First 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 comparable sales in the U.S. decreased 3.2%. Net earnings for the first quarter of fiscal 2024 were $3.6 billio ...

ATLANTA, May 14, 2024 /PRNewswire/ -- 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 comparable sales in the U.S. decreased 3.2%.  Net earnings for the first quarter of fiscal 2024 were $3.6 billion, or $3.63 per diluted share, compared with net earnings of $3.9 billion, or $3.82 per di ...