Home Depot's latest quarterly earnings report reflects a 9.4% increase in net sales to $39.9 billion compared to the previous year, although comparable sales declined by 0.3% due to foreign exchange headwinds. The company's net earnings reached $3.43 billion with adjusted diluted EPS at $3.56. Operating income and gross profit improved, alongside significant investments in store readiness and digital initiatives. Despite the slight dip in comparable sales, Home Depot reaffirmed its guidance for fiscal 2025, anticipating continued growth and new store openings.
Home Depot reported a 9.4% year-over-year increase in net sales for Q1 2025, although comparable sales dipped slightly by 0.3% overall.
The company experienced foreign exchange headwinds affecting comparable sales by approximately 70 basis points, showing the impact of currency fluctuations.
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