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Home Depot says home improvement market still faces headwinds in 2024
The Fly

Home Depot says home improvement market still faces headwinds in 2024

Still expects pressures to business in 2024. Expects pressure on demand for larger projects. Expects “slightly less” pressure on comp sales in FY24 vs. FY23. Sees FY24: Gross margin of approximately 33.9%; Operating margin of approximately 14.1%; Net interest expense of approximately $1.8B; CapEx ~ 2% of sales.

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