Home Depot (HD) falls on miss, lower guidance; Soft results 'widely expected' says analyst

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Go back to Home Depot (HD) falls on miss, lower guidance; Soft results 'widely expected' says analyst

The Home Depot Announces First Quarter Fiscal 2023 Results; Updates Fiscal 2023 Guidance

May 16, 2023 6:00 AM EDT

ATLANTA, May 16, 2023 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.

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