Home Depot fell 5% in morning trading.
Home Depot(NYSE:HD)blasted past expectations with its Q4 report, headlined by a comparable sales gain of 8.1% vs +5.3% consensus.
Customer transactions fell 3.4% during the quarter for the home improvement retailer, but average ticket was up 12.4% to $85.11. Sales per retail square foot rose 8.3% to $571.79. Comparable sales were up 7.6% in the U.S.
Net income came in at $3.35B for Home Depot (HD) vs. $2.86B a year ago.
Looking ahead, HD guided for sales growth and comparable sales growth to be slightly positive and operating margin approximately flat with fiscal 2021.
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