The Home Depot's expenses did not surge in Q2 2024. In fact, the company reported a decrease in expenses in Q2 2024 compared to the same period in the previous year1. Here are the details2:
HD Selling, General, and Administrative Expenses, Selling, General, and Administrative Expenses YoY
The company's net income for the quarter was $3.6 billion, with an EPS of $3.63, compared to $3.9 billion and EPS of $3.82 in the same period of fiscal 2023. The reported revenue represents a surprise of -0.64% over the Zacks Consensus Estimate of $36.65 billion.