Home Depot Q2 Comparable Sales -2% YoY, Comparable Sales US -2%, Customer Transactions 459.1M (-1.8% YoY), Average Ticket $90.07 (+0.1% YoY)
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported Q2 2023 sales of $42.9 billion, a decrease of 2.0% YoY. Comparable sales also decreased by 2.0%, with US comparable sales showing the same trend. Customer transactions were down by 1.8% YoY to 459.1 million, while the average ticket price saw a marginal increase of 0.1% to $90.07.
August 15, 2023 | 10:04 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Home Depot's Q2 2023 results show a decrease in sales and comparable sales, both globally and in the US. However, the average ticket price saw a slight increase.
The decrease in sales and comparable sales indicates a slowdown in Home Depot's business, which could negatively impact the company's stock price in the short term. However, the slight increase in the average ticket price could be a positive sign, indicating that customers are spending more per transaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100