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The Home Depot Q2 2024 Earnings Summary $HD
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In this episode, we dive into The Home Depot's Q2 2024 earnings call, where CEO Ted Decker and CFO Richard McPhail share candid insights on the current challenges and future outlook of the home improvement giant. Discover how rising interest rates and macroeconomic uncertainty impacted sales, with comparable sales down 3.3%, while still showcasing a solid earnings per share of $4.67. Decker emphasizes a cautious sales outlook for the year, predicting a further decline in comparable sales but reaffirming the company's long-term growth potential. McPhail sheds light on the strategic acquisition of SRS Distribution, boosting sales by $1.3 billion and hinting at significant future contributions. With an ongoing commitment to enhance customer experiences and operational efficiency, The Home Depot is navigating a complex market landscape with optimism. Tune in for key forecasts and strategies that will influence the home improvement sector in the coming months!
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