Shares of Home Depot Inc. HD rose 0.7% toward a four-month high in premarket trading Tuesday, after the home improvement retail giant affirmed the full-year earnings outlook it provided last month. Ahead of the company’s investor meeting, the company said it still expects fiscal 2023 net and same-store sales to decline between 2% and 5%, earnings per share to fall between 7% and 13% and operating margin of between 14.3% and 14.0%.
Ahead of the company’s investor meeting, the company said it still expects fiscal 2023 net and same-store sales to decline between 2% and 5%, earnings per share to fall between 7% and 13% and operating margin of between 14.3% and 14.0%. The company provided a “market stability base case outlook” for the overall home improvement market, with sales growth of between 3% and 4% expected per year, and EPS growth in the mid-to-high-single-digit percentage range.