HOME DEPOT Reports Slight Increase in Revenue for Q4 FY2023 at USD 3.4 Billion.
March 7, 2023
Earnings report
On February 21 2023, HOME DEPOT ($NYSE:HD) reported that their total revenue for the quarter ending January 31 2023 was USD 3.4 billion, an increase of 0.3% from the same quarter in the previous year. The home improvement retailer also reported a net income of USD 35.8 billion for the same period, also showing a slight increase of 0.3% from the year prior. This slight increase in revenue is a positive development for the company as it shows that despite challenging times and difficult economic conditions, HOME DEPOT has still been able to find ways to remain profitable and grow its business. This increase in revenue is likely the result of many cost-saving measures and investments in new technologies, which have helped the company become more efficient and better serve its customers.
The news of this slight increase in revenue is welcome news to both investors and customers alike, and gives them hope that HOME DEPOT will be able to continue to thrive in the years ahead. It is clear that the home improvement retailer is committed to keeping costs low and staying ahead of the competition in order to remain profitable and serve its customers better than ever before.
Market Price
On Tuesday, HOME DEPOT reported a slight increase in revenue for Q4 FY 2023, coming in at USD 3.4 billion. The stock opened the day at $305.6, however closed 7.1% lower at $295.5, compared to its previous closing price of $318.0. This was the first sign of a downturn in the company’s share performance in the fourth quarter of the financial year. Despite its current dip, HOME DEPOT has managed to remain profitable and generate revenue growth, thanks to strong consumer demand for its products and services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Home Depot. More…
| Total Revenues | Net Income | Net Margin |
| 157.4k | 17.11k | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Home Depot. More…
| Operations | Investing | Financing |
| 14.62k | -3.14k | -10.99k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Home Depot. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 76.44k | 74.88k | 1.27 |
Key Ratios Snapshot
Some of the financial key ratios for Home Depot are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 14.9% | 15.3% |
| FCF Margin | ROE | ROA |
| 7.3% | 1160.2% | 19.7% |
Analysis
At GoodWhale, we conducted an in-depth analysis of HOME DEPOT‘s fundamentals. We’ve concluded that this is a relatively safe investment in terms of financial and business aspects. According to our Risk Rating system, HOME DEPOT scores low. However, we must mention that there is one risk warning that appears in the company’s balance sheet. If you’d like to know more, don’t hesitate to register with us and check it out. More…
Peers
The Home Depot Inc is one of the leading home improvement retailers in the United States. The company operates more than 2,200 stores across the country. Lowe’s Companies Inc is another leading home improvement retailer in the United States. The company operates more than 1,700 stores across the country. Floor & Decor Holdings Inc is a leading specialty retailer of hard surface flooring in the United States. The company operates more than 100 stores across the country. Wayfair Inc is a leading online retailer of home furnishings and home décor products.
– Lowe’s Companies Inc ($NYSE:LOW)
Lowe’s Companies, Inc. is a home improvement company that operates stores in the United States, Canada, and Mexico. The company offers a wide variety of home improvement products, including appliances, tools, hardware, flooring, and more. Lowe’s is also involved in home improvement services, such as installation, repair, and remodeling. The company has a market cap of $114.17B and a return on equity of -99.39%.
– Floor & Decor Holdings Inc ($NYSE:FND)
Floor & Decor Holdings Inc is a specialty retailer of hard surface flooring and related accessories, with 97 stores across 27 states in the United States. The company offers a wide selection of ceramic tile, porcelain tile, natural stone, wood flooring, laminate, and vinyl flooring products. It also provides installation services for customers who purchase their products. Floor & Decor Holdings Inc has a market cap of 7.06B as of 2022, a Return on Equity of 14.88%.
– Wayfair Inc ($NYSE:W)
As of 2022, Wayfair Inc has a market cap of 3.37B and a Return on Equity of 29.2%. The company provides an online platform for home goods and furniture retailers. It operates through two segments, Direct and Marketplace. The Direct segment offers products through its own website. The Marketplace segment offers products through third-party websites.
Summary
Home Depot had a successful quarter with a net income of USD 35.8 billion representing a 0.3% year-over-year increase. Despite these positive figures, the stock price for the company moved down on the same day. This could be due to investors’ expectations of higher returns, or perhaps news from competitors that affected investor sentiment.
With the overall economic outlook being unpredictable, it’s important for investors to consider the individual factors of Home Depot’s performance and weigh the risks associated with investing in the company. Analyzing trends, management team achievements, financial reports, and other data points will help inform investors of their potential returns before making an investment decision.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
