Hardware Retailing The Industry's Source for Insights and Information
Home Depot recently released its fourth quarter 2024 and fiscal 2024 financial data.
Q4 2024
Sales for the fourth quarter of fiscal 2024 were $39.7 billion, a $4.9 billion or 14.1% increase year over year. Comparable sales also increased 0.8% and comparable sales in the U.S. increased 1.3%.
Net earnings for the fourth quarter of fiscal 2024 were $3.0 billion year over year.
“Our fourth quarter results exceeded our expectations as we saw greater engagement in home improvement spend, despite ongoing pressure on large remodeling projects,” says Ted Decker, chair, president and CEO. “Throughout the year, we remained steadfast in our investments across our strategic initiatives to position ourselves for continued success, despite uncertain macroeconomic conditions and a higher interest rate environment that impacted home improvement demand. I would like to thank our associates for all that they do to serve our customers and communities.”
Fiscal 2024
Sales for fiscal 2024 were $159.5 billion, an increase of $6.8 billion or 4.5%, year over year. Comparable sales for fiscal 2024 decreased 1.8% and comparable sales in the U.S. decreased 1.8%.
Net earnings for fiscal 2024 were $14.8 billion, compared to net earnings of $15.1 billion.
