Home Depot (HD) Q1 Earnings Surpass, Sales Miss Estimates

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 ...