Home Depot Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Home Depot Inc Q2 2023 Earnings Call Summary

Home Depot Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Home Depot Inc Q2 2023 Earnings Call Summary
Published Aug 15, 2023
17 pages (9258 words) — Published Aug 15, 2023
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About This Report

  
Abstract:

Edited Brief of HD.N earnings conference call or presentation 15-Aug-23 1:00pm GMT

  
Brief Excerpt:

...A. Sales for the second quarter were $42.9 billion, down 2% from the same period last year. B. Comp sales for the total company as well as our U.S. stores also declined 2% from the same period last year. C. Diluted earnings per share were $4.65 in the second quarter compared to $5.05 in the second quarter last year. D. All 3 of our U.S. divisions posted low single-digit negative comps in the quarter. E. Our geographic variability narrowed significantly on a sequential basis as weather normalized, particularly in our Western division, and spring-related categories rebounded relative to the first quarter. F. While there was strength in project-related categories like building materials, hardware and plumbing, we continue to see pressure in certain big-ticket discretionary categories. G. Pro sales performance was slightly negative in the second quarter and outperformed the DIY customer. H. In addition and as we mentioned at our investor conference in June, we operate in a large and fragmented...

  
Report Type:

Brief

Source:
Company:
Home Depot Inc
Ticker
HD.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Home Depot Inc Q2 2023 Earnings Call Summary" Aug 15, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Home-Depot-Inc-Earnings-Call-B15678707>
  
APA:
Thomson StreetEvents. (2023). Home Depot Inc Q2 2023 Earnings Call Summary Aug 15, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Home-Depot-Inc-Earnings-Call-B15678707>
  
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