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In addition, the average ticket cost and customer transactions declined in the fourth quarter when compared with the same period in 2022, dropping by 1.3 percent and 2.1 percent, respectively., chair, president, and CEO of Home Depot, said that 2023 results were"largely in line with our expectations," but attributed some of Home Depot's struggles to excess inventory.in 2023, with customers returning to more normal spending habits.
"Our market is on its way back to normal demand conditions," McPhail told CNBC."We're not quite there yet, but the pressures we saw in 2023 are receding."
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