Framing Analysis
Home Depot posted revenue of $47.86 billion for the quarter ended Aug. 2, up from $45.28 billion a year earlier and above the $47.24 billion consensus estimate. U.S. comparable-store sales rose 1.3 percent while net income reached $4.77 billion. The company reaffirmed its full-year guidance amid a housing market slump that began in 2022.