Home Depot's Q4 revenue was $39.7 billion, up 14.1% year-on-year

It is learned that on February 25, the US home furnishing retail giant Home Depot released its fourth quarter and full-year financial report for 2024. The report showed that Home Depot's fourth-quarter revenue was US$39.7 billion, a year-on-year increase of 14.1%.

Here is a summary of Home Depot's fourth-quarter financial results:

① Revenue was US$39.7 billion, a year-on-year increase of 14.1%.

②Comparable sales increased by 0.8%, and comparable sales in the United States increased by 1.3%.

③Net profit was US$3 billion, compared with US$2.8 billion in the same period last year.

④Adjusted diluted earnings per share were US$3.13, compared with US$2.86 in the same period last year.

Here is a summary of Home Depot's full-year 2024 financial results:

① Revenue was US$159.5 billion, a year-on-year increase of 4.5%.

②Comparable sales decreased by 1.8%, and comparable sales in the United States decreased by 1.8%.

③Net profit was US$14.8 billion, compared with US$15.1 billion in the same period last year.

④Adjusted diluted earnings per share were US$15.24, compared with US$15.25 in the same period last year.

Ted Decker, chairman, president and CEO of Home Depot, said that despite the challenges of large renovation projects, participation in home improvement spending has increased, so the fourth quarter performance exceeded expectations. Despite the uncertainty of the macroeconomic situation and the impact of rising interest rates on renovation demand, the company has remained steadfast in various strategic plans throughout the year, laying the foundation for continued success in the future.

Looking ahead, Home Depot expects full-year revenue growth of 2.8% in fiscal 2025, gross margin of approximately 33.4%, operating margin of approximately 13.0%, adjusted operating margin of approximately 13.4%, and net interest expense of approximately $2.2 billion.

Author ✎ Rayna/

Statement: This article is copyrighted and may not be reproduced without permission. If you need authorization, please contact: happy