The Home Depot announced that its board of directors declared a first-quarter cash dividend of $2.30 per share. The dividend is payable on June 18, 2025, to shareholders of record at the close of business on June 5, 2025. This is the 153rd consecutive quarter the company has paid a cash dividend.

The Home Depot Reports Q1 2025 Results; Reaffirms Full-Year Outlook Despite EPS Decline

The Home Depot (NYSE: HD) reported first quarter fiscal 2025 sales of $39.9 billion, up 9.4% from Q1 2024. Despite the top-line growth, comparable sales slipped 0.3%, with U.S. comps rising 0.2%. Net earnings for the quarter declined 4.6% to $3.4 billion, or $3.45 per diluted share, down from $3.63 a year ago.

Adjusted diluted EPS was $3.56, also down from $3.67 in the same period last year. Foreign exchange pressures reduced comparable sales by approximately 70 basis points.
CEO Ted Decker noted solid customer engagement in spring categories and small projects, praising store readiness and associate performance.

Key Financial Highlights (GAAP):
• Net sales: $39.9B (+9.4%)
• Gross profit: $13.5B (+8.3%)
• Operating income: $5.1B (+1.1%)
• Net earnings: $3.43B (-4.6%)
• Diluted EPS: $3.45 (-5.0%)
• Adjusted EPS: $3.56 (-3.0%)
• Operating margin: 12.9% (down from 13.9%)

Balance Sheet (as of May 4, 2025):
• Total assets: $99.2B
• Total liabilities: $91.2B
• Stockholders’ equity: $8.0B
• Long-term debt: $47.3B

Cash Flow:
• Operating cash flow: $4.3B (down from $5.5B)
• Investing outflow: $931M
• Financing outflow: $3.76B

FY 2025 Guidance (unchanged):
• Total sales growth: ~2.8%
• Comparable sales growth: ~1.0%
• Adjusted EPS decline: ~2% (from $15.24 in FY 2024)
• Capital expenditures: ~2.5% of total sales
• Gross margin: ~33.4%
• Adjusted operating margin: ~13.4%

The company continues to navigate a shifting consumer environment, with modest comp sales and bottom-line pressure driven partly by increased operating costs and amortization of intangible assets related to acquisitions like SRS. However, leadership expressed confidence in execution and reiterated its full-year outlook.

The Home Depot®, the world's largest home improvement retailer, announced today that it will hold its First Quarter Earnings Conference Call on Tuesday, May 20, at 9 a.m. ET.

The Home Depot announced on May 1, 2025, that it has expanded its tax-free shopping benefits for military shoppers.

In partnership with the Army & Air Force Exchange Service and the Navy Exchange Service Command, the retailer now offers nearly all items on homedepot.com — including tools, grills, garden equipment, and fans — tax-free and with a 10% discount to over 34 million eligible military exchange customers. This benefit complements existing discounts on major appliances and is available through ShopMyExchange.com and myNavyExchange.com. The program builds on The Home Depot’s long-standing support for veterans, which includes employment, housing initiatives, and over $550 million invested in veteran causes since 2011.

The Home Depot® today announced that Asha Sharma, Microsoft corporate vice president and head of product, AI platform, has been nominated for election to its Board of Directors at its 2025 annual meeting of shareholders, which will be held virtually on May 22, 2025.

The Home Depot has entered an exclusive agreement with Behr Paint Company to offer KILZ® branded primer products in the U.S. and Puerto Rico. This move strengthens The Home Depot’s position as the only big-box home improvement retailer carrying KILZ® primers, including KILZ Original®, KILZ PVA®, KILZ 2®, and KILZ Restoration®.

This partnership aims to simplify purchasing for professional customers by ensuring job lot quantities are readily available in stores and through distribution channels. The agreement builds on a long-standing collaboration, with Behr products sold at The Home Depot since 1979 and KILZ® primers since 1991.

The Home Depot has introduced Magic Apron, a suite of AI-powered tools designed to assist customers with home improvement projects. Available 24/7, Magic Apron provides expert guidance on how-to questions, product recommendations, and project instructions. It leverages The Home Depot’s proprietary knowledge base and AI technology to offer accurate and reliable information.

Currently integrated into millions of product pages on homedepot.com and the company’s mobile app, Magic Apron helps customers research products, understand project requirements, and find relevant solutions. The technology will soon expand to The Home Depot’s Pro B2B site, offering specialized support for professional contractors.

Magic Apron is designed to continuously improve by learning from customer and associate feedback. Future updates will enhance its capabilities, including project inspiration, design ideas, product comparisons, and expert recommendations. This AI-driven tool aims to make home improvement more accessible by combining The Home Depot’s industry expertise with cutting-edge technology.

The Home Depot has appointed Michael Rowe as Executive Vice President (EVP) of Pro, where he will lead the company’s strategy to expand its business with professional customers. Rowe, formerly President of The Home Depot Canada, has been with the company for 19 years and has played a key role in growing its Pro business. Vinod Nalajala has been promoted to President of The Home Depot Canada.

Additionally, Stephanie Smith has been named EVP of Human Resources, succeeding Tim Hourigan, who is retiring after nearly 23 years with the company. Smith, previously Senior Vice President of Supply Chain, has extensive leadership experience across various company divisions.

These leadership changes reflect The Home Depot’s focus on strengthening its Pro market presence and enhancing employee engagement across its 470,000-strong workforce.

The Home Depot reported strong fourth-quarter results, with sales reaching $39.7 billion, a 14.1% increase from the prior year, driven by an additional 14th week. Comparable sales for the quarter increased 0.8%, with U.S. comparable sales up 1.3%. Net earnings for Q4 were $3.0 billion, or $3.02 per diluted share, while adjusted diluted EPS was $3.13.

For fiscal 2024, total sales rose 4.5% to $159.5 billion, though comparable sales declined 1.8%. Full-year net earnings were $14.8 billion, or $14.91 per diluted share, slightly below 2023 levels. The company announced a 2.2% dividend increase to $2.30 per share.

Looking ahead to fiscal 2025, Home Depot expects 2.8% total sales growth, 1.0% comparable sales growth, and adjusted EPS to decline by approximately 2% due to the 53rd week in 2024. The company plans to open 13 new stores and maintain a gross margin of approximately 33.4%.

source: The Home Depot, February 25, 2025.

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