COBB COUNTY (dpa-AFX) - The Home Depot (HD) reaffirmed its fiscal 2024
guidance, which includes 53 weeks of operating results. The company expects
53-week earnings per share growth of approximately 1.0%. The company noted that
the 53rd week is expected to contribute approximately $0.30 of earnings per
share. Total sales growth is anticipated at approximately 1.0%, including the
53rd week. The 53rd week is projected to add approximately $2.3 billion to total
sales. The guidance does not reflect any impacts from the SRS acquisition.
Comparable sales are projected to decline approximately 1.0% for the 52-week
period.

Net earnings for the first quarter were $3.6 billion, or $3.63 per share,
compared with net earnings of $3.9 billion, or $3.82 per share, in the same
period of fiscal 2023.

On average, 28 analysts polled by Thomson Reuters expected the company to report
profit per share of $3.60, for the quarter. Analysts' estimates typically
exclude special items.

Sales were $36.4 billion for the first quarter, a decrease of 2.3% from the
first quarter of prior year. Comparable sales for the first quarter of fiscal
2024 decreased 2.8%, and comparable sales in the U.S. decreased 3.2%. Analysts
on average had estimated $36.67 billion in revenue.

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