Home Depot reports Q4 adjusted EPS $3.13, consensus $3.04

Reports Q4 revenue $39.7B, consensus $39.07B. Comparable sales for Q4 increased 0.8%, and comparable sales in the U.S. increased 1.3%. “Our fourth quarter results exceeded our expectations as we saw greater engagement in home improvement spend, despite ongoing pressure on large remodeling projects,” said Ted Decker, chair, president and CEO. “Throughout the year, we remained steadfast in our investments across our strategic initiatives to position ourselves for continued success, despite uncertain macroeconomic conditions and a higher interest rate environment that impacted home improvement demand. I would like to thank our associates for all that they do to serve our customers and communities.”