Home Depot Affirms 2024 Guidance While Posting Earnings Beat, Sales Miss

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 ...