The Home Depot Announces Third Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance
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The Home Depot reported a 6.6% increase in sales for Q3 fiscal 2024, reaching $40.2 billion. However, comparable sales decreased by 1.3%, with a 1.2% drop in the U.S. The company also updated its fiscal 2024 guidance.
November 12, 2024 | 11:15 am
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The Home Depot's Q3 fiscal 2024 sales increased by 6.6% to $40.2 billion, but comparable sales decreased by 1.3%, with a 1.2% drop in the U.S. The company updated its fiscal 2024 guidance.
The increase in total sales is positive, but the decline in comparable sales, especially in the U.S., is a concern. The updated guidance will be crucial for future performance expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100