Home Depot: limited decline in Q3 EPS
(CercleFinance.com) - Home Depot reports Q3 2024 adjusted EPS of $3.
78, down almost 2%, but a bit above analysts' expectations, with an adjusted operating margin that is down 0.7 point to 13.8%. NB: pmt +1.7%.
The home improvement chain posted sales of $40.2bn, up 6.6% as reported, but down 1.3% LFL (-1.2% in the US alone).
Although macroeconomic uncertainty remains, our performance exceeded our expectations, it says, notably mentioning better mobilization for seasonal products and certain outdoor projects.
For the full year, Home Depot expects adjusted EPS to decline by around 1%, an adjusted operating margin of around 13.8%, and total revenue growth of around 4% (-2.5% for comparable sales).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
78, down almost 2%, but a bit above analysts' expectations, with an adjusted operating margin that is down 0.7 point to 13.8%. NB: pmt +1.7%.
The home improvement chain posted sales of $40.2bn, up 6.6% as reported, but down 1.3% LFL (-1.2% in the US alone).
Although macroeconomic uncertainty remains, our performance exceeded our expectations, it says, notably mentioning better mobilization for seasonal products and certain outdoor projects.
For the full year, Home Depot expects adjusted EPS to decline by around 1%, an adjusted operating margin of around 13.8%, and total revenue growth of around 4% (-2.5% for comparable sales).
Copyright (c) 2024 CercleFinance.com. All rights reserved.