HD
The Home Depot Inc
Q1 2025 Report
The Home Depot Inc (HD) Q1 2025 Financial Results: Resilient Performance Amid Challenges...
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Executive Summary
The Home Depot Inc reported its Q1 2024 results, showcasing a revenue of $36.4 billion, which represents a 2.3% decline compared to the prior year. Comp sales reflected a similar trend with a decrease of 2.8%. Despite the challenging environment, particularly due to a delayed start to the spring season and softness in discretionary spending on larger projects, management expressed confidence in the company’s operational execution and investments in store readiness and product assortment. CEO Ted Decker highlighted a robust focus on gaining market share, particularly within the Professional (Pro) contractor segment, emphasizing the strategic intention to develop a comprehensive Pro ecosystem. The overall narrative pivots around measured optimism despite cautious market conditions, supported by ongoing innovations and targeted market strategies, especially as weather conditions improve and peak selling seasons approach.
Key Performance Indicators
Revenue
36.42B
QoQ: 4.69% | YoY:-3.43%
Gross Profit
12.43B
34.14% margin
QoQ: 8.04% | YoY:-2.39%
Operating Income
5.08B
QoQ: 22.59% | YoY:-6.05%
Net Income
3.60B
QoQ: 28.53% | YoY:-5.51%
EPS
3.64
QoQ: 28.62% | YoY:-4.96%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $36.4 billion - Year-over-Year (YoY) Change: -2.3% - Quarter-over-Quarter (QoQ) Change: +4.7%
- **Net Income**: $3.6 billion - YoY Change: -5.5%
- **Diluted EPS**: $3.63 - YoY Change: -5%
- **Gross Margin**: 34.1% - Increased by 45 basis points YoY
- **Operating Margin**: 13.9% - Decreased by 100 basis points YoY