The Home Depot reported strong fourth-quarter fiscal 2024 results on February 25, 2025, with sales reaching $39.7 billion, a 14.1% increase from the prior year. This growth was boosted by a 14th week in the fiscal quarter, which contributed approximately $2.5 billion in sales.
Notably, comparable sales for the fourth quarter increased by 0.8% across the company, and 1.3% in the U.S., ending an eight-consecutive-quarter streak of declines. Net earnings for the quarter climbed to $3.0 billion, or $3.02 per diluted share, up from $2.80 billion, or $2.82 per diluted share, in the same period last year.
For fiscal 2024, total sales were $159.5 billion, a 4.5% increase, while comparable sales decreased by 1.8%. The company's board approved a 2.2% increase in its quarterly dividend to $2.30 per share, equating to an annual dividend of $9.20 per share.
Looking ahead to fiscal 2025, Home Depot provided guidance projecting total sales growth of approximately 2.8% and comparable sales growth of about 1%. Adjusted earnings per share are expected to decline by approximately 2%, reflecting ongoing macroeconomic uncertainties and high interest rates that continue to pressure demand for large remodeling projects.
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