Home Depot Sales Up 14.1% in Q4, Earnings Up 7%

Atlanta, GA, February 26, 2025-The Home Depot announced Q4 2024 sales were $39.7 billion, an increase of 14.1% from Q4 2023’s $34.8 billion. Comparable sales for Q4 2024 increased 0.8%, and comparable sales in the U.S. increased 1.3%.

Net earnings for Q4 2024 were $3.0 billion, a 7% increase compared with net earnings of $2.8 billion in the same period of 2023.

Sales for fiscal 2024 were $159.5 billion, an increase of $ 4.5% from fiscal 2023’s $152.7 billion. Comparable sales for fiscal 2024 decreased 1.8%, and comparable sales in the U.S. decreased 1.8%. 

Net earnings for fiscal 2024 were $14.8 billion, a 2.2% decline compared with net earnings of $15.1 billion in fiscal 2023.

"Our fourth quarter results exceeded our expectations as we saw greater engagement in home improvement spend, despite ongoing pressure on large remodeling projects," said Ted Decker, chair, president and CEO.  "Throughout the year, we remained steadfast in our investments across our strategic initiatives to position ourselves for continued success, despite uncertain macroeconomic conditions and a higher interest rate environment that impacted home improvement demand. I would like to thank our associates for all that they do to serve our customers and communities."

Sales for Home Depot's flooring business were down around 7% for the year, and, on Monday, Home Depot announced it was replacing its flooring merchant.

At the end of Q4, the company operated a total of 2,347 retail stores and over 780 branches across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, ten Canadian provinces and Mexico.