The Residence Depot (NYSE: HD) reported its third quarter 2024 earnings outcomes as we speak.
Gross sales had been $40.2 billion, up 6.6% from the identical interval final yr. Comparable gross sales decreased 1.3%.
Internet earnings had been $3.6 billion, or $3.67 per share, in comparison with $3.8 billion, or $3.81 per share, final yr. Adjusted EPS was $3.78.
Gross sales and earnings beat estimates.
HD up to date its full-year steering. For fiscal yr 2024, complete gross sales are anticipated to extend approx. 4% together with SRS and the 53rd week. Comparable gross sales are projected to say no approx. 2.5% for the 52-week interval in comparison with fiscal yr 2023.
EPS for the 53-week interval is predicted to say no round 2% from final yr. Adjusted EPS for a similar interval is predicted to say no round 1% from final yr.
The outcomes beat and steering hike allowed the inventory to realize over 2% in premarket hours on Tuesday.
Prior efficiency
