Home Depot's Customer Transactions Have Fallen for 5 Straight Quarters

On the surface, Home Depot (NYSE: HD) looks steady. The home improvement giant grew fiscal first-quarter sales 4.8% year over year to $41.8 billion, held onto its full-year guidance, and pays a dividend yielding about 2.7% as of this writing.Underneath, though, one number has been moving the wrong way for more than a year. Comparable customer transactions, the count of purchases at stores and websites open at least a year, fell 1.3% in the fiscal first quarter (the period ended May 3). That marked the fifth consecutive quarterly decline. Total transactions came to 391.1 million for the quarter, down from 394.8 million a year earlier.Home Depot's revenue growth, in other words, isn't coming from more transactions. It's coming from bigger receipts, and from acquisitions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool