Home Depot says supply chains ‘operating very well’

Says operations “getting back to normal.” Says inventory positions are better. Says in-stock rates “much better.” Says wage investments “paying off.” Says employee attrition “way down.” Says customer “still very resilient.” Says worst of inflationary environment “behind us.” Expects “slight pressure” on gross margin y/y. Says has seen inflation abate across portfolio. Says “no change” in capital allocation stance. Says “focused” on Pro ecosystem.