The 0.3 percent decline in fourth quarter comps marked the first quarterly comp-store-sales decline for Home Depot in more than a decade. In 2023, Home Depot is targeting approximately flat comp sales. "Throughout most of fiscal 2022, we observed a resilient customer who was less price sensitive than we would have expected in the face of persistent inflation," Decker said. "In the third quarter we noted some deceleration in certain products and categories, which was more pronounced in the fourth quarter.