Home Depot Q3 Earnings: Revenue And EPS Beat, Lifts Full-Year Forecast Despite Customer Traffic Dip

Home Depot Inc (NYSE:HD) stock is trading higher after the home improvement retailer beat its third-quarter earnings estimates and lifted its full-year 2024 outlook.

HD reported third-quarter sales growth of 6.6% year-over-year to $40.217 billion, beating the consensus estimate of $39.173 billion.

Customer transactions for the quarter fell slightly by 0.2%. Comparable sales decreased 1.3%, and comparable sales in the U.S. dropped 1.2%.

Gross profit rose 5.4% YoY to $13.425 billion, with a margin of 33.4%, down 40 bps YoY. The operating margin was 13.5%, down 86 bps YoY, and operating income for the quarter dropped 0.22% to $5.418 billion. The adjusted ...