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CLAIM #29451 · The Home Depot Inc (HD) · 2023Q2 earnings call · Aug 15, 2023 · due Jan 31, 2024

And as we called out just on the lumber piece alone, we will see that abate as we get to the back half of the year, and there will be much less of an impact than we saw in the first half overall.

Billy Bastek · EVP Merchandising

PENDING
graded after results covering Jan 31, 2024 are reported

In context

n comes from the line of Steven Forbes with Guggenheim. Please proceed with your question. Steven Forbes: Good morning everyone. So, just two quick follow-ups. The first on ticket, curious if you could expand on DIY ticket versus Pro ticket trends as we think about sort of second half complexion. And then maybe if you could just speak to what the full year comp implies in terms of ticket, if it’s still positive as you see it today? Richard McPhail: We have – I will answer the second part first, and then I will turn it to Billy. Again, we have got 24 weeks to go. We are not going to break out ticket and transaction within our guidance, other than just to repeat, we are encouraged by what we have seen with respect to settling of ticket and recovery in transactions. Billy? Billy Bastek: Yes. And as we called out just on the lumber piece alone, we will see that abate as we get to the back half of the year, and there will be much less of an impact than we saw in the first half overall. Steven Forbes: And then just lastly, as we think about the Dallas market, the 350 basis points you guys noted as of 2022 at the Analyst Day presentation, any update on how that market is trending year-to-date 2023 versus the company average? Hector Padilla: Yes. No, Steve, this is Hector, again. We continue to be very encouraged by the results in Dallas, and we have scaled a lot of the capabilities that we first implemented in Dallas to all the markets. And we are seeing very similar and encouraging results as we see the customers engage, not just with the delivery sales, but also again, back in our stores and through our online digital platform. So, continue to be very encouraged about the performance. For us, Dallas has been a success so far. And we will continue to deploy capabilities

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SEC filings for HD · Claim quote is verbatim from the 2023Q2 earnings call.