Driven by the impacts of lumber deflation and weather on first-quarter fiscal 2023 results, as well as expectations of softened consumer demand, Home Depot lowered its sales and earnings view for fiscal 2023. Home Depot anticipates sales and comparable sales to decline 2-5% year over year in fiscal 2023, compared with the prior mentioned view of flat year-over-year results. The operating margin rate is estimated at 14-14.3% compared with the 14.5% mentioned earlier. The company expects an effective tax rate of 24.5% in fiscal 2023. Interest expenses are likely to be $1.8 billion in fiscal 2023. HD estimates earnings per share to move down 7-13% year over year in fiscal 2023 versus a mid-single-digit decline stated earlier.