Home Depot Inc.
The Home Depot Announces Fiscal 2024 Results and Fiscal 2025 Guidance
Summary
The Home Depot, Inc. reported its financial results for the fiscal year and fourth quarter ended February 2, 2025. The company announced sales of $159.5 billion for the fiscal year, an increase of 4.5% from fiscal 2023, and net earnings of $14.8 billion, or $14.91 per diluted share. For the fourth quarter, sales were $39.7 billion, an increase of 14.1% from the prior year quarter, and net earnings were $3.0 billion, or $3.02 per diluted share. The company also declared a 2.2% increase in its quarterly dividend to $2.30 per share and provided fiscal 2025 guidance. This report includes a press release and an Inline XBRL formatted cover page.
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About Home Depot Inc.
Home Depot Inc. is a leading retailer known for offering a wide range of home improvement products, construction materials, and services. Its primary function is to provide consumers and professional contractors with the necessary supplies and equipment for construction, maintenance, and home enhancement projects. Home Depot's expansive product lineup includes items for home decor, gardening equipment, building materials, and electrical and plumbing supplies, catering to both residential DIY enthusiasts and commercial builders. The company plays a critical role in the retail and home improvement sectors, impacting industries related to housing and construction. Home Depot, founded in 1978 and headquartered in Atlanta, Georgia, operates a vast network of stores across the United States, Canada, and Mexico. It is renowned for its large warehouse-style stores and a broad inventory, complementing its physical presence with an online sales platform that offers customers additional convenience. As a major player in the consumer retail market, Home Depot significantly influences trends in home renovation and continues to be a vital provider of resources for projects of varying scopes and complexities.
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