Home Depot Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

Home Depot Inc Q3 2023 Earnings Call Summary

Home Depot Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
Home Depot Inc Q3 2023 Earnings Call Summary
Published Nov 14, 2023
16 pages (8476 words) — Published Nov 14, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of HD.N earnings conference call or presentation 14-Nov-23 2:00pm GMT

  
Brief Excerpt:

...A. Sales for the third quarter were $37.7 billion, down 3% from the same period last year. B. Comp sales declined 3.1% from the same period last year and our U.S. stores had negative comps of 3.5%. C. Diluted earnings per share were $3.81 in the third quarter compared to $4.24 in the third quarter last year. D. The third quarter was in line with our expectations. E. Similar to the second quarter, we saw continued customer engagement with smaller projects and experienced pressure in certain big-ticket discretionary categories. F. During the third quarter, our Pro customer outperformed our DIY customer. G. There is only 1 quarter left in the year, we believe the endpoints for our previous guidance range are no longer likely outcomes. H. As a result, and as we announced in this morning's press release, we narrowed our guidance range for fiscal 2023. I. Last week, we announced The Home Depot Foundation surpassed the goal of $500 million invested in veterans causes and also increased the total...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Home Depot Inc
Ticker
HD.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Steven Paul Forbes - Guggenheim Securities, LLC, Research Division - Analyst : Tad, or maybe for Ann, just a follow-up on Pro sales, really focusing on the Dallas market, what's the chain average. Can you update us on how that market is performing? And then maybe just comment on any behavioral differences that you're noting between Pro markets based on the maturity of your strategic initiatives focused on the complex Pro. I mean, can you -- are you seeing and being able to analyze very like predictable behavioral changes?

Question: Steven Paul Forbes - Guggenheim Securities, LLC, Research Division - Analyst : Maybe just a quick follow-up for Richard or Billy, all the ticket conversations here, any way to just sum up how the quarter for big-ticket progressed relative to expectations? It sounds like it performed better than expected. You have sort of stabilization in multiyear big-ticket comp trends. I would imagine that wasn't the expectation. But any way to help us frame on how the quarter progressed for big-ticket versus internal plan?

Table Of Contents

Home Depot Inc Q2 2024 Earnings Call Summary – 2024-08-13 – US$ 54.00 – Edited Brief of HD.N earnings conference call or presentation 13-Aug-24 1:00pm GMT

Home Depot Inc at JPMorgan Retail Round Up Transcript – 2024-04-04 – US$ 54.00 – Edited Transcript of HD.N presentation 4-Apr-24 1:00pm GMT

Home Depot to Acquire SRS Distribution Summary – 2024-03-28 – US$ 54.00 – Edited Brief of HD.N M&A conference call or presentation 28-Mar-24 1:00pm GMT

Home Depot to Acquire SRS Distribution Transcript – 2024-03-28 – US$ 54.00 – Edited Transcript of HD.N M&A conference call or presentation 28-Mar-24 1:00pm GMT

Home Depot Inc Q3 2023 Earnings Call Transcript – 2023-11-14 – US$ 54.00 – Edited Transcript of HD.N earnings conference call or presentation 14-Nov-23 2:00pm GMT

Home Depot Inc at Goldman Sachs Global Retailing Conference Summary – 2023-09-13 – US$ 54.00 – Preliminary Brief of HD.N presentation 13-Sep-23 1:35pm GMT

Home Depot Inc at Goldman Sachs Global Retailing Conference Transcript – 2023-09-13 – US$ 54.00 – Edited Transcript of HD.N presentation 13-Sep-23 1:35pm GMT

Home Depot Inc Q2 2023 Earnings Call Summary – 2023-08-15 – US$ 54.00 – Edited Brief of HD.N earnings conference call or presentation 15-Aug-23 1:00pm GMT

Home Depot Inc Q2 2023 Earnings Call Transcript – 2023-08-15 – US$ 54.00 – Edited Transcript of HD.N earnings conference call or presentation 15-Aug-23 1:00pm GMT

Home Depot Inc Investor and Analyst Conference Summary – 2023-06-13 – US$ 54.00 – Edited Brief of HD.N corporate analyst meeting</ 13-Jun-23 1:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Home Depot Inc Q3 2023 Earnings Call Summary" Nov 14, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Home-Depot-Inc-Earnings-Call-B15790418>
  
APA:
Thomson StreetEvents. (2023). Home Depot Inc Q3 2023 Earnings Call Summary Nov 14, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Home-Depot-Inc-Earnings-Call-B15790418>
  
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