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The Home Depot released its Q1 2025 financials, reporting sales of $39.9 billion for the first quarter of fiscal 2025, an increase of 9.4% from the first quarter of fiscal 2024. Comparable sales for the first quarter of fiscal 2025 decreased 0.3%, and comparable sales in the U.S. increased 0.2%.
Net earnings for the first quarter of fiscal 2025 were $3.45 billion, a decrease of $200 million year over year.
“Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events,” says Ted Decker, Home Depot chair, president and CEO. “We feel great about our store readiness and product assortment as spring continues to break across the country, and I would like to thank our associates for their continued hard work and dedication.”
Home Depot recorded 394.8 million transactions, a 2.1% increase year over year. The average ticket size increased 0.03% year over year.
Fiscal 2025 Guidance
- Total sales growth of approximately 2.8%
- Comparable sales growth of approximately 1%
- Open 13 new stores (for a total of 2,350)
- Gross margin of approximately 33.4%
- Adjusted diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024
- Capital expenditures of approximately 2.5% of total sales
