Home Depot (HD) Tops Q4 EPS by 5c; offers FY2024 Guidance

Home Depot (NYSE: HD) reported Q4 EPS of $2.82, $0.05 better than the analyst estimate of $2.77. Revenue for the quarter came in at $34.8 billion versus the consensus estimate of $34.64 billion.

GUIDANCE:

The company will have 53 weeks of operating results in fiscal 2024 and provides the following guidance for fiscal 2024:

Total sales growth of approximately 1.0% including the 53rd week

-53rd week projected to add approximately $2.3 billion to total sales

Comparable sales to decline approximately 1.0% for the 52-week period
Approximately 12 new stores
Gross margin of approximately 33.9%
Operating margin of approximately 14.1%
Tax rate of approximately 24.5%
Net interest expense of approximately $1.8 billion
53-week diluted earnings-per-share-percent growth of approximately 1.0%

-53rd week expected to contribute approximately $0.30 of diluted earnings per share

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

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