The Home Depot Inc.

Overview Key strengths Key risks Largest home improvement retailer globally based on revenues and well positioned to grow share in large and fragmented market. Strength in smaller project categories offset by pressure in bigger-ticket discretionary areas this year. Strong cash flows provide liquidity support for business investments and shareholder returns. All three U.S. divisions posted negative low-single digit percent comparable sales in the latest second quarter 2023 and comparable transactions were negative as well. Merchandise inventories down meaningfully in latest quarter, with improved in-stock and out-of-stock positions. Negative Pro sales and smaller Pro backlogs remain a risk in softer housing environment. In fiscal 2022, Home Depot grew its revenue by 4.1% to $157.4 billion, led by a 3.1% increase in

...We expect Home Depot's sales and comparable sales to decline 2%-5% in 2023 compared with fiscal 2022 as consumers shift spending out of home improvement. In fiscal 2022, Home Depot grew its revenue by 4.1% to $157.4 billion, led by a 3.1% increase in comparable sales and six new store additions. However, its sales moderately slowed in the first half of fiscal 2023, with...

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