The Home Depot said net sales for Q1 of fiscal 2025 were $39.9 billion, an increase of 9.4% from $36.4 billion in the prior-year quarter. The company said SRS contributed $2.6 billion of net sales, and the 53-week calendar shift resulted in one fewer week of winter and one additional week of spring.

1. 01

   The Home Depot said net sales for Q1 of fiscal 2025 were $39.9 billion, an increase of 9.4% from $36.4 billion in the prior-year quarter. The company said SRS contributed $2.6 billion of net sales, and the 53-week calendar shift resulted in one fewer week of winter and one additional week of spring.

2. 02

   The Home Depot said comparable sales for Q1 decreased 0.3%, reflecting a 0.5% decrease in comparable customer transactions and no change in comparable average ticket compared to the prior-year quarter. The company said foreign exchange rates negatively impacted comparable sales by approximately 70 basis points, and a persisting high interest rate environment pressured home improvement demand.

3. 03

   The Home Depot said gross profit for Q1 increased 8.3% to $13.5 billion and that gross profit margin was 33.8% compared to 34.1% in the prior-year quarter. The company disclosed that net earnings were $3.4 billion and diluted earnings per share were $3.45, compared to $3.63 in the prior-year quarter.

4. 04

   The Home Depot said cash provided by operating activities for the first 3 months of fiscal 2025 was $4.3 billion and that this cash flow, together with cash on hand, was used to fund cash dividend payments of $2.3 billion, repay $1.1 billion of long-term debt, repay $278 million of net commercial paper borrowings, and fund $806 million in capital expenditures.

Key figures

Quarter ended May 4, 2025

Revenue

$39.9B

Operating income

$5.1B

Net income

$3.4B

EPS

$3.45

Gross profit

$13.5B

Operating cash flow

$4.3B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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