$Home Depot (HD.US)$  4Q/FY raises dividend 10% 4Q YoY Reven...

$Home Depot(HD.US)$ 4Q/FY raises dividend 10%
4Q YoY
Revenue +0.3%
Transactions -6%
Spend per transaction +5.8%
Net income +0.3%
Dil. EPS +2.8%
FY22
OCF -12% (wkg capital)
FCF -18%
New quarterly dividend $2.09 (+10%)
FY23
Flat sales
Dil EPS decline mid single digit
$Home Depot(HD.US)$ and $Walmart(WMT.US)$ earnings show us nothing we didn’t already know
It’s nothing more than a reflection of what the Fed has already done
In financial markets, it’s not about what is, or what has been but what will be and why