Home Depot ( (HD) ) has released its Q1 earnings. Here is a breakdown of the information Home Depot presented to its investors.
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Home Depot, the world’s largest home improvement retailer, operates in the retail sector, providing a wide range of building materials, home improvement products, and services.
In its first quarter of fiscal 2025, Home Depot reported a sales increase of 9.4% to $39.9 billion compared to the previous year, despite a slight decrease in comparable sales. The company also reaffirmed its guidance for the fiscal year, indicating steady growth expectations.
Key financial metrics showed a mixed performance with net earnings at $3.4 billion, slightly down from the previous year. The company’s diluted earnings per share also saw a decline, while adjusted earnings per share followed a similar trend. Despite these declines, Home Depot’s operating income showed a modest increase, reflecting resilience in its operational efficiency.
Looking ahead, Home Depot remains optimistic about its fiscal 2025 performance, projecting total sales growth of approximately 2.8% and comparable sales growth of 1.0%. The company plans to open approximately 13 new stores, maintaining a strong market presence and continuing to focus on strategic growth initiatives.