Home improvement retailer Home Depot Inc (NYSE: HD) reported fourth-quarter FY22 sales growth of 0.3% year-on-year to $35.83 billion, marginally missing the consensus of $35.97 billion.
Customer transactions for the quarter fell 6%. Comparable sales decreased by 0.3%, and comparable sales in the US slipped 0.3%.
Gross profit rose 0.5% Y/Y to $11.9 billion. The operating margin was 13.3%, and operating income for the quarter fell 1.5% to $4.75 billion.
The operating expenses increased 1.9% Y/Y to $7.2 billion.
EPS of $3.30 beat the analyst consensus of $3.28.
The average ticket in Q4 was $90.05, a 5.8% growth, and sales
/cloudfront-us-east-1.images.arcpublishing.com/gray/XHRHHXERVJCRJBBNDGW3P47ORM.jpg "Spring Home Show kicks off successful year for many contractors & small home improvement business owners")