🔹 Adj EPS: $3.13 (Est. $3.05) 🟢
🔹 Revenue: $39.7B (Est. $39.42B) 🟢; UP +14.1% YoY
🔹 Net Income: $3.0B (Est. $3.03B) 🟡
🔹 Comparable Sales: UP +0.8% (Est. -1.71%) 🟢
🔹 U.S. Comparable Sales: UP +1.3%
FY25 Guidance:
🔹 Adj EPS: Decline of ~2% from $15.24 (Est. $15.6) 😐
🔹 Total Sales Growth: ~2.8%
🔹 Comparable Sales Growth: ~1.0%
🔹 Adjusted Operating Margin: ~13.4%
🔹 GAAP Operating Margin: ~13.0%
🔹 Capital Expenditures: ~2.5% of Total Sales
🔹 Gross Margin: ~33.4%
🔹 Tax Rate: ~24.5%
Key Metrics:
🔹 Customer Transactions: 400.4M; UP +7.6% YoY
🔹 Average Ticket: $89.11; UP +0.3% YoY
🔹 Sales per Retail Sq. Foot: $556.90; UP +1.2% YoY
Dividend Announcement:
🔹 Quarterly Dividend Increased by 2.2% to $2.30/share
🔹 Annual Dividend: $9.20/share
🔹 Payable on March 27, 2025, to shareholders on record as of March 13, 2025
CEO Ted Decker's Commentary:
🔸 "Our fourth quarter results exceeded expectations, driven by greater engagement in home improvement despite macroeconomic headwinds. We remain focused on strategic investments to position Home Depot for long-term success, even amid high-interest rates and remodeling project slowdowns."
Company Updates:
🔹 Operated 2,347 retail stores across the U.S., Canada, and Mexico at quarter-end
🔹 Employs over 470,000 associates
🔹 Marks 152nd consecutive quarter of dividend payments