Home Depot, Inc.

Sales Performance & Comp Sales: Home Depot reported total sales of $159.5 billion for fiscal 2024, marking a 4.5% increase year-over-year. However, comp sales decreased by 1.8% overall and had negative comps of 1.8% in U.S. Stores. The fourth quarter saw comp sales increase by 0.8% due to a broader engagement in home improvement, but overall consumer demand remains challenged by a higher interest rate environment.

Earnings per Share: Adjusted diluted earnings per share were $15.24 for fiscal 2024, nearly flat compared to the previous year's $15.25. In the fourth quarter, adjusted diluted EPS rose to $3.13 from $2.86 YOY, indicating some positive momentum despite a challenging macroeconomic backdrop.

Store Expansion & SRS Acquisition: Home Depot opened 12 new stores in the fiscal year, with plans for 13 more in fiscal 2025. The acquisition of SRS contributed $6.4 billion in sales since June and is expected to deliver mid-single-digit organic growth in fiscal 2025. This positive outlook is indicative of ongoing efforts to enhance market share.