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They provide passive income under any circumstances.Inflation, recession, or not, investors are getting more pumped about the economy. The S&P 500 hit a new high last week and is up 11% year to date, and many companies are reporting growth and stability.Home Depot (HD -1.65%) is reporting declining sales, but investors are cheering its resilience despite inflation and getting ready for a rebound. Realty Income (O -2.47%), conversely, is still suffering from negative investor sentiment related to high intere ...

M. Suhail/iStock Editorial via Getty ImagesDuring the first-quarter period, Home Depot, Inc. (NYSE:HD) recorded better-than-expected earnings figures but fell short on revenues. Specifically, the home repair retailer posted EPS figures of $3.63 (against the market’s consensus estimates of $3.60) on revenues of $36.42 billion (against the market’s consensus estimates of $36.66 billion). Concerns are circulating with respect to the average consumer's willingness to invest in large-scale home renovation pr ...

Not your thing? Then check out our tips on how to evaluate exchange-traded funds.In this podcast, Motley Fool analyst Jim Gillies and host Ricky Mulvey discuss the surge in short-term speculation over meme stocks, and the long-term investment story at Home Depot. Motley Fool host Alison Southwick and personal finance expert Robert Brokamp discuss how investors can evaluate exchange-traded funds.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started invest ...

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Financial Performance - Net sales for Q1 2024 were $36,418 million, a decrease of 2.3% compared to $37,257 million in Q1 2023[9] - Gross profit for Q1 2024 was $12,433 million, down from $12,557 million in the same period last year[9] - Operating income decreased to $5,079 million in Q1 2024 from $5,551 million in Q1 2023, reflecting a decline of 8.5%[9] - Net earnings for Q1 2024 were $3,600 million, a decrease of 7.0% compared to $3,873 million in Q1 2023[9] - Basic earnings per share for Q1 2024 were $3.64, down from $3.83 in Q1 2023[9] - Comparable sales decreased by 2.8% in Q1 2024, driven by a 1.5% decline in comparable customer transactions and a 1.3% decrease in comparable average ticket[63] - Net earnings for the three months ended April 28, 2024, were $3,600 million, a decrease of 7.0% compared to $3,873 million for the same period in 2023[14] - Net earnings decreased to $14.87 billion for the twelve months ended April 28, 2024, compared to $16.75 billion for the same period last year[71] Assets and Liabilities - Total current assets increased to $32,622 million as of April 28, 2024, compared to $29,775 million as of January 28, 2024[8] - Total assets rose to $79,230 million as of April 28, 2024, up from $76,530 million as of January 28, 2024[8] - Total liabilities increased to $77,410 million as of April 28, 2024, compared to $75,486 million as of January 28, 2024[8] - The company reported a decrease in merchandise inventories to $22,416 million as of April 28, 2024, from $20,976 million as of January 28, 2024[8] - Cash and cash equivalents at the end of the period increased to $4,264 million, compared to $1,260 million at the end of the same period last year[14] - Net property and equipment increased to $27.7 billion as of April 28, 2024, from $27.1 billion as of January 28, 2024[27] - Total lease assets decreased slightly to $10.69 billion as of April 28, 2024, compared to $10.72 billion as of January 28, 2024[29] Cash Flow and Capital Expenditures - Cash flow from operations was $5.5 billion in Q1 2024, used to fund $2.2 billion in dividends and repay $1.2 billion of long-term debt[56] - Capital expenditures for the quarter were $847 million, a decrease from $905 million in the prior year[14] - The company plans to invest approximately $3.0 billion to $3.5 billion in capital expenditures for fiscal 2024, focusing on new stores and technology improvements[72] Shareholder Returns - The company repurchased $649 million of common stock during the quarter, significantly lower than $2,887 million in the same period last year[14] - A quarterly cash dividend of $2.25 per share was announced, reflecting a 7.7% increase from the previous dividend of $2.09[73] - As of April 28, 2024, approximately $11.7 billion of the $15.0 billion share repurchase authorization remained available[73] Acquisition Plans - The company is focused on future growth through interconnected retail and technology initiatives, as well as potential acquisitions[5] - The pending acquisition of SRS Distribution Inc. is expected to cost $18.25 billion, subject to customary adjustments, and is anticipated to close by the end of fiscal 2024[49] - The commercial paper program was increased from $5.0 billion to $19.5 billion in May 2024 to finance the pending acquisition of SRS Distribution Inc.[33] Operational Highlights - The company opened two new stores in the U.S., bringing the total store count to 2,337, with 320 stores located in Canada and Mexico[56] - Online sales accounted for 15.3% of net sales in Q1 2024, increasing by 3.3% compared to Q1 2023[63] - Operating expenses increased to $7.354 billion in Q1 2024, representing 20.2% of net sales, compared to 18.8% in Q1 2023[60] - The gross profit margin improved to 34.1% in Q1 2024, up from 33.7% in Q1 2023, primarily due to lower transportation costs[64] Debt and Financing - The company had $8 million of outstanding borrowings under its commercial paper program as of April 28, 2024, with a maximum amount outstanding at any time of $117 million during the first three months of fiscal 2024[31] - The company expects to issue senior notes as part of the planned funding for the pending SRS acquisition[74] - The company’s outstanding payment obligations under the supplier finance program were $404 million as of April 28, 2024, down from $514 million at January 28, 2024[18]

Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are "about ready to crack" on Monday, adding that the Biden administration's alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up. "What I've seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they're about ready to crack," he told FOX Business' Maria B ...

The home improvement giant just affirmed its 2024 outlook.Home Depot (HD 0.43%) investors might be pinching themselves right about now. Their stock has kept up with the rally in the S&P 500 over the past 12 months, allowing the home improvement giant to stand out from many of its struggling peers. It's not just the wider retailing industry that's under pressure, either. There's less demand for home improvement projects in the wake of the pandemic, and rising interest rates have pinched home sales as well.Ho ...

Where the stock heads likely depends on the level of home remodeling activity.Home Depot (HD 0.43%) saw its same-store sales (or comps) fall once again, as the home improvement retailer deals with a difficult home remodeling market and a more cautious consumer. It was the sixth straight quarter in which the company saw its comparable-store sales fall.Comps are a good indication of the strength of a retailer's business because they show how its individual stores are performing versus one year ago. Despite th ...

This top-retail business has done a wonderful job of rewarding shareholders in the past.Home Depot (HD 0.43%) has made for a fine investment in the past. Its shares produced a 462% total return in the last 10 years, effectively turning a $10,000 investment into more than $56,000 during that time. That's a superb gain.But can this top-retail stock double your money over the next 10 years? Continue reading to see if this roughly 7% annualized gain, which would be a marked slowdown from the past, is in the rea ...