Home Depot reports Q1 earnings beat, full-year guidance reaffirmed
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Home Depot reported Q1 earnings with a 4.8% sales increase, surpassing estimates. Revenue reached $41.77 billion, and adjusted EPS was $3.43. Comparable store sales were 0.6%, below the 0.9% forecast. The company reaffirmed its full-year sales growth guidance of 2.5% to 4.5%. Recent growth is attributed to the acquisition of Mingledorff’s, expanding its market to $1.2 trillion. Home Depot is also leveraging machine learning for efficiency in commercial building tasks.
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