Home Depot Reaffirms FY23 Outlook
Portfolio Pulse from Benzinga Newsdesk
Home Depot has reaffirmed its fiscal 2023 guidance, predicting a decline in sales and comparable sales between 2% and 5% compared to fiscal 2022. The company also expects an operating margin rate between 14.3% and 14.0%, a tax rate of approximately 24.5%, an interest expense of approximately $1.8 billion, and a diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022.
August 15, 2023 | 10:05 am
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NEGATIVE IMPACT
Home Depot's reaffirmed fiscal 2023 guidance indicates a potential decline in sales and earnings, which could negatively impact the company's stock price in the short term.
Home Depot's reaffirmed fiscal 2023 guidance indicates a potential decline in sales and earnings. This could lead to a negative sentiment among investors, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100