HD - Spring Chill: Home Depot's Q1 Numbers Dip But CEO Ted Decker Sees Sunshine Ahead | Benzinga
Home improvement retailer Home Depot Inc (NYSE:HD) reported a first-quarter FY24 sales decline of 2.3% year-on-year to $36.418 billion, missing the analyst consensus estimate of $36.672 billion.
Customer transactions for the quarter fell 1%. Comparable sales decreased 2.8%, and comparable sales in the U.S. dropped 3.2%.
Gross profit fell 1% Y/Y to $12.4 billion. The operating margin was 13.9%, and operating income for the quarter dropped 8.5% to ...