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Business
Anushka Dutta

Home Depot (HD) Earnings Expectations - Buy or Sell?

HD Home Depot The Home Depot Inc

Home improvement retailing giant The Home Depot, Inc. (HD) is set to report its third-quarter earnings tomorrow. Home improvement chains like HD are expected to post weak quarterly sales as small-scale repair work and renovations dampen amid economic uncertainty.

HD is expected to post a 3.3% decline in quarterly same-store sales for the third quarter, while net earnings are expected to fall 13.9%. For fiscal 2023, the company expects its sales and comparable sales to decline between 2% and 5% year-over-year. HD also projects its EPS to decline between 7% and 13% compared to fiscal 2022.

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