Home Depot is expecting to see a lower degree of macroeconomic pressure in fiscal 2024 than it did last year, CFO Richard McPhail tells WSJ. “We believe our market is on its way back to normalcy,” he says. The home improvement chain is still anticipating headwinds and guiding for a 1% drop in comparable sales this year, but that would be a smaller decline than it saw in 2023. Home improvement spending is still moderating from outsized growth during the pandemic, when low interest rates, rising home values and looser spending habits pushed more people to invest in their homes.