Home Depot (HD) Q1 2024 Earnings: A Closer Look at Financial Performance
Tuesday, 14 May 2024, 11:19
Sales Performance
Sales decreased 2.3% year-over-year to $36.4 billion.
Comparable sales decreased 2.8%.
Earnings Performance
Net earnings were $3.6 billion, or $3.63 per share, compared to $3.9 billion, or $3.82 per share, last year.
Earnings beat estimates while revenue fell short.
Future Outlook
- For fiscal year 2024, the company expects total sales and EPS growth of approx. 1%, including the 53rd week.
- Comparable sales are expected to decline approx. 1% for the 52-week period.
The stock stayed green during premarket hours on Tuesday.
Prior Performance
The post Home Depot (HD) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.
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