Home Depot Q4 Sales Rose 5.8% to $22.2 Billion, FY Sales Up 6.9%

Atlanta, GA, February 21, 2017—The Home Depot has reported sales of $22.2 billion for the fourth quarter of fiscal 2016, a 5.8% increase from the fourth quarter of fiscal 2015.

Comparable store sales for the fourth quarter of fiscal 2016 were positive 5.8%, and comp sales for U.S. stores were positive 6.3%.

Net earnings for the fourth quarter of fiscal 2016 were $1.7 billion, or $1.44 per diluted share, compared with net earnings of $1.5 billion, or $1.17 per diluted share, in the same period of fiscal 2015. For the fourth quarter of fiscal 2016, diluted earnings per share increased 23.1% from the same period in the prior year.

Sales for fiscal 2016 were $94.6 billion, an increase of 6.9% from fiscal 2015. Total company comparable store sales for fiscal 2016 increased 5.6%, and comp sales for U.S. stores were positive 6.2% for the year.

Earnings per diluted share in fiscal 2016 were $6.45, compared to $5.46 per diluted share in fiscal 2015, an increase of 18.1%.