Home Depot (HD) Tops Q4 EPS by 2c

Home Depot (NYSE: HD) reported Q4 EPS of $3.30, $0.02 better than the analyst estimate of $3.28. Revenue for the quarter came in at $35.8 billion versus the consensus estimate of $35.96 billion.

Fiscal 2023 Guidance

The Company is providing the following guidance for fiscal 2023:

• Sales growth and comparable sales growth to be approximately flat compared to fiscal 2022
• Operating margin rate of approximately 14.5 percent, which reflects approximately $1 billion in additional annual compensation for frontline, hourly associates
• Tax rate of approximately 24.5 percent
• Diluted earnings-per-share-percent-decline to be mid-single digits

For earnings history and earnings-related data on Home Depot (HD) click here.

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