Home Depot: A Buy Despite Challenging 2023 Ahead


  • Home Depot is set to report its 4Q22 earnings and provide FY2023 guidance next week.
  • I expect a downbeat commentary for FY2023.
  • However, the company continues to execute well and should gain share during this downturn.
Home Depot location with American flag. Home Depot is the largest home improvement retailer in the US.


Home Depot (NYSE:HD) is set to release its 4Q22 earnings before the market opens on February 21, 2023. The company reported 4.30% comp sales growth in Q3 2022. The fourth quarter presents a 200 basis point tougher comparison on a one-year basis and

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article is written by Ashish S. and Pradeep R.

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