Home Depot Inc (NYSE:HD) reported FY23 sales of $37.71 billion, surpassing analyst estimates of $35.66 billion, despite a 3% year-on-year decline. Customer transactions decreased by 2.4%, and comparable sales fell by 3.1% overall, with a 3.5% drop in the U.S. Gross profit decreased by 3.7% to $12.7 billion, and operating income fell 12.1% to $5.4 billion. Operating expenses rose by 3.6% to $7.3 billion. EPS of $3.81 beat the consensus of $3.58. The company revised its sales and comparable sales forecast to a decline of 3%-4% and expects an EPS decline of 9%-11% for FY23. Home Depot's stock rose by 6.12% to $305.70.