It's a big week for retail earnings and we're starting with two of the biggest Motley

full money starts now.

I'm Chris Hill joining me after the long weekend Motley full senior analyst Jason Moser.

Thanks for being here.

Hey thanks for having me.

Let's start with Home Depot.

Fourth quarter revenue came in a little bit lower than Wall Street was expecting.

It wasn't by much, but it was the first time since late 2019 that Home Depot missed

on the top line.

Their guidance for 2023 was pretty conservative and shares down 5%.

What do you think when you look at Home Depot's results, their guidance and the whole picture?

Yeah, I mean, I think big picture was a good quarter.

No, that said, I think this quarter more or less concerned, some of those confirm some

of the fears that maybe are out there that consumer spending is still challenged.

Perhaps there's a recession around the corner.

I mean, everybody's, you know, continues to talk about whether we'll run into recession

2023 or not.

I think, you know, for me, like one of the things that really stood out is just like, you

know, inflation, that's still here and that's still something these companies are contending

with particularly when you talk about just operating expenses in general.

I mean, they are absolutely seeing price sensitivity, which impacted those comp sales.

They are, they're forcing demand headwinds, which clearly is impacting those comp sales.

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