USA – The Home Depot, the world’s largest home improvement retailer, announced first-quarter fiscal 2025 sales of USD 39.9 billion, representing a 9.4% increase compared to the same period in fiscal 2024.

Despite the revenue growth, comparable sales declined by 0.3%, while U.S. comparable sales rose slightly by 0.2%.

The company noted that foreign exchange rates negatively impacted overall comparable sales.

Net earnings for the quarter were USD 3.4 billion, down from USD 3.6 billion a year earlier.

“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 of The Home Depot.

“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.”

The Home Depot, the world’s largest home improvement retailer, operates over 2,300 stores across the U.S., Canada, and Mexico. Each store averages about 9,750 square meters of indoor retail space, integrated with an e-commerce platform offering over one million products.