The Home Depot Posts 9.4% Rise In Q1 Sales

The Home Depot®, the world's largest home improvement retailer, today reported 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%. For the first quarter of fiscal 2025, foreign exchange rates negatively impacted total company comparable sales by approximately 70 basis points.

Net earnings for the first quarter of fiscal 2025 were $3.4 billion, or $3.45 per diluted share, compared with net earnings of $3.6 billion, or $3.63 per diluted share, in the same period of fiscal 2024. 

Adjusted(1) diluted earnings per share for the first quarter of fiscal 2025 were $3.56, compared with adjusted diluted earnings per share of $3.67 in the same period of fiscal 2024.

“Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events,” said Ted Decker, 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.”

Fiscal 2025 Guidance

The company reaffirms its guidance for fiscal 2025, a 52-week year compared to fiscal 2024, a 53-week year.

• Total sales growth of approximately 2.8%
• Comparable sales growth of approximately 1.0% for the comparable 52-week period
• Approximately 13 new stores
• Gross margin of approximately 33.4%
• Operating margin of approximately 13.0%
• Adjusted(1) operating margin of approximately 13.4%
• Tax rate of approximately 24.5%
• Net interest expense of approximately $2.2 billion
• Diluted earnings-per-share to decline approximately 3% from $14.91 in fiscal 2024
• Adjusted(1) diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024.
• Capital expenditures of approximately 2.5% of total sales

Source : The Home Depot

Image : Rob Wilson / shutterstock / 180692453 

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