Sees FY adj EPS down 1-3% (Il Sole 24 Ore Radiocor) - New York, 13 Aug - Home Depot updated its fiscal 2024 guidance, which includes 53 weeks of operating results.

Total sales are expected to increase 2.5-3.5%. The 53rd week is projected to add approximately 2.3 billion dollars to sales and SRS contribute some 6.4 billion in incremental sales.

Comparable sales are forecast to decline 3-4% for the 52-week period compared to fiscal 2023.

"While comparable sales for the company are not currently on the trajectory for the low end of the range, a 4% decline implies incremental pressure on consumer demand," the company said.

Home Depot predicts a full-year operating margin of 13.5-13.6% and an adjusted operating margin of 13.8-13.9%.

It also anticipates diluted EPS to fall 2-4% and adjusted diluted EPS to decline 1-3%.

The 53rd week is expected to contribute approximately 0.30 dollars of adjusted diluted earnings per share compared to fiscal 2023, it added.

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(RADIOCOR) 13-08-24 13:06:37 (0296) 5 NNNN