Home Depot reports first-quarter 2024 net income of $3.6 billion, down 5% on EPS of $3.63, on sales of $36.4 billion, down 2.3% (-2.8% on comparable sales).

"The quarter was affected by a delayed start to spring and persistent weakness in some larger discretionary projects", explains Ted Decker, CEO of the American home improvement chain.

For the full year, Home Depot confirms its forecasts, including total sales growth of around 1% (including the 53rd week, without which comparable sales should decline by around 1%) and an operating margin of around 14.1%.

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