Home Depot (NYSE: HD) just gave investors a slew of updates about its business momentum heading into 2024. The home improvement retailer's fourth-quarter report contained more than just a look back at the previous three months, too. Management also outlined its official 2024 outlook, including details on its operating results and its capital return plans.

The report was mostly positive, although there were some yellow flags for investors to take note of if they're considering buying this stock. Let's take a closer look.

Home Depot took a step backwards on growth this year as interest rates rose and the housing market cooled. Comparable-store sales (comps) fell 4% in the core U.S. market after rising by 3% in 2022. Looking closer, there are mixed signs around the potential for a rebound ahead.

Continue reading

Source Fool.com