HD - Home Depot's Q4 Performance: Revenue And EPS Beat Dividend Hike And More | Benzinga
Home improvement retailer Home Depot Inc (NYSE:HD) reported a fourth-quarter FY23 sales decline of 2.9% year-on-year to $34.79 billion, beating the analyst consensus estimate of $34.64 billion.
EPS of $2.82 beat the analyst consensus of $2.77. The stock price declined after the results.
Customer transactions for the quarter fell 1.7%. Comparable sales decreased 3.5%, and comparable sales in the U.S. dropped 4.0%.
Gross profit fell 3.5% Y/Y to $11.5 billion. The operating margin was 11.9%, and operating income for the quarter plunged 12.8% to $4.1 billion.
The operating expenses increased 2.7% Y/Y to $7.4 billion.
The average ticket was $88.87, a 1.3% decrease, and sales per retail square foot declined 3.6% to $550.50.
Home Depot held $3.76 billion in cash and equivalents as of January 28, 2024. Operating cash ...