USA – The Home Depot, the largest home improvement retailer in the world, reported sales for the fourth quarter of fiscal 2024 of USD 39.7 billion, marking an increase of USD 4.9 billion, or 14.1%, from the same period in fiscal 2023.

Comparable sales grew by 0.8%, with U.S. comparable sales increasing by 1.3%. The fourth quarter included 14 weeks, one additional week compared to the previous year, contributing approximately USD 2.5 billion in sales. However, this extra week is not included in the comparable sales results for the quarter or the year. Net earnings for the fourth quarter were USD 3.0 billion, compared to USD 2.8 billion for the same period in fiscal 2023.

For fiscal 2024, Home Depot’s total sales reached USD 159.5 billion, an increase of USD 6.8 billion, or 4.5%, from fiscal 2023. Comparable sales decreased by 1.8%, with U.S. comparable sales also declining by 1.8%. Net earnings for fiscal 2024 were USD 14.8 billion, down from USD 15.1 billion in fiscal 2023.

Ted Decker, Chair, President, and CEO, said, “Our fourth-quarter results exceeded expectations as we saw stronger engagement in home improvement spending despite ongoing pressures on large remodeling projects. Throughout the year, we remained committed to our strategic initiatives to position ourselves for continued success, despite the uncertain macroeconomic environment and higher interest rates affecting home improvement demand. I want to thank our associates for all they do to serve our customers and communities.”

At the end of the fourth quarter of 2024, Home Depot operated 2,317 stores across the United States, Canada, and Mexico, employing approximately 500,000 associates globally.