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.