Home Depot Sales Rose 9.4% in Q1, Earnings Down 5.6%

Atlanta, GA, May 20, 2025-The Home Depot reported sales of $39.9 billion for Q1 2025, an increase of 9.4% from Q1 fiscal 2024.

Comparable sales for Q1 2025 decreased 0.3%, and comparable sales in the U.S. increased 0.2%. 

Net earnings for Q1 2025 were $3.4 billion, a 5.6% decline compared with net earnings of $3.6 billion in Q1 2024. 

According to Ted Decker, CEO, "The momentum in the business during the back half of fiscal 2024 continued into the first quarter. Today, more than 50% of our purchases are sourced in the United States. We remain bullish on the fundamentals of home improvement and are confident we are best positioned to win. We operate in a highly fragmented, addressable market of approximately $1 trillion, and our consumer, the homeowner, remains healthy.  I think there's still  macro uncertainty. Those stubbornly high interest rates, people are painting again and working in their yards and doing smaller projects, but just have not engaged in the larger projects."

During the first quarter, Home Depot opened three new stores, bringing the total store count to 2,350.