Home Depot Reaffirms FY23 Guidance; Provides Market Stability Outlook
Portfolio Pulse from Shivani Kumaresan
Home Depot (NYSE:HD) has reaffirmed its FY23 guidance, expecting sales and comparable sales to decline between 2% and 5% compared to FY22. The company anticipates EPS to decrease between 7% and 13% versus FY22, with an operating margin rate of 14.3% to 14%. In a market stability base case outlook, Home Depot sees sales growing between 3% to 4% per year with mid-to-high-single-digit EPS growth.
June 13, 2023 | 11:57 am
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Home Depot reaffirms FY23 guidance with sales and comparable sales expected to decline between 2% and 5% compared to FY22. EPS is expected to decrease between 7% and 13% versus FY22.
Home Depot's reaffirmed guidance for FY23 indicates a decline in sales and EPS compared to FY22. However, the company's market stability outlook projects sales growth between 3% to 4% per year with mid-to-high-single-digit EPS growth. This mixed outlook may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100