Home Depot (NYSE: HD) reported Q2 EPS of $4.65, $0.19 better than the analyst estimate of $4.46. Revenue for the quarter came in at $42.9 billion versus the consensus estimate of $42.2 billion.

GUIDANCE:

The company reaffirmed fiscal 2023 guidance:

• Sales and comparable sales to decline between 2% and 5% compared to fiscal 2022
• Operating margin rate to be between 14.3% and 14.0%
• Tax rate of approximately 24.5%
• Interest expense of approximately $1.8 billion
• Diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022

Share Repurchase Authorization

The board of directors also authorized a new $15 billion share repurchase program effective August 15, 2023, replacing its previous authorization.

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