NYSE$HD
Home Depot Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Home Depot's Q1 2024 results saw a decrease in sales and earnings compared to the same period last year, but the company reaffirmed its fiscal year 2024 guidance.
Home Depot reported a decrease in sales by 2.3% to $36.4 billion for Q1 2024, with comparable sales declining by 2.8%. Net earnings also decreased to $3.6 billion, or $3.63 per diluted share, compared to $3.9 billion, or $3.82 per diluted share, in Q1 2023. The company reaffirmed its fiscal year 2024 guidance.
- Total sales decreased by 2.3% compared to Q1 2023.
- Comparable sales decreased by 2.8%.
- Net earnings decreased to $3.6 billion, or $3.63 per diluted share.
- The company reaffirms its fiscal 2024 guidance.
Headline financials
Revenue & EPS history
Home Depot · Revenue · Quarterly
$36.4B
Forward guidance
The company reaffirms its fiscal 2024 guidance, which includes 53 weeks of operating results. Total sales growth of approximately 1.0% including the 53rd week. Comparable sales to decline approximately 1.0% for the 52-week period.
Tailwinds
- Total sales growth of approximately 1.0% including the 53rd week
- 53rd week projected to add approximately $2.3 billion to total sales
- Comparable sales to decline approximately 1.0% for the 52-week period
- Gross margin of approximately 33.9%
- Operating margin of approximately 14.1%
Headwinds
- Tax rate of approximately 24.5%
- Net interest expense of approximately $1.8 billion
- 53-week diluted earnings-per-share-percent growth of approximately 1.0%
- 53rd week expected to contribute approximately $0.30 of diluted earnings per share
- The acquisition has not closed, the following guidance does not reflect any impacts from the SRS acquisition
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.4%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.4%
Avg return
30 days after
64%
42 / 66 earnings
Positive
+6.4%
Q3 2021
Best reaction
-5.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | — | — | |
| Q4 2025 | +3.7% | +1.0% | -12.9% | |
| Q3 2025 | -5.8% | -4.1% | -0.8% | |
| Q2 2025 | +2.7% | +4.6% | +5.8% | |
| Q1 2025 | -0.6% | -4.4% | -8.5% | |
| Q4 2024 | +2.8% | +3.7% | -5.1% | |
| Q3 2024 | +0.5% | -0.0% | +1.5% | |
| Q3 2023 | +0.0% | +1.9% | +9.3% | |
| Q2 2024 | +2.8% | +4.7% | +8.3% | |
| Q1 2024 | +2.3% | +1.0% | +2.0% | |
| Q1 2023 | -1.4% | +1.8% | -2.3% | |
| Q4 2023 | +0.8% | -0.5% | +7.7% | |
| Q2 2023 | +0.9% | -0.8% | -0.1% | |
| Q4 2022 | +0.4% | +1.3% | +2.3% | |
| Q3 2022 | +2.6% | +2.0% | +6.7% | |
| Q2 2022 | +3.5% | +2.1% | -13.7% | |
| Q1 2022 | -3.7% | -3.0% | -7.6% | |
| Q4 2021 | -4.2% | -4.7% | -9.0% | |
| Q3 2021 | +6.4% | +10.1% | +7.7% | |
| Q2 2021 | -4.0% | -1.7% | +0.4% | |
| Q1 2021 | -1.7% | -1.3% | -5.3% | |
| Q4 2020 | +2.5% | +4.2% | +11.7% | |
| Q3 2020 | -3.5% | -3.5% | -2.0% | |
| Q2 2020 | -1.9% | -1.7% | -2.9% | |
| Q1 2020 | -2.9% | -1.4% | +1.6% | |
| Q4 2019 | +5.7% | +6.2% | +14.9% | |
| Q3 2019 | +2.1% | +1.0% | +1.1% | |
| Q2 2019 | +1.5% | +4.2% | +5.1% | |
| Q1 2019 | -0.2% | -1.0% | +8.6% | |
| Q4 2018 | +1.4% | +2.7% | +7.6% | |
| Q3 2018 | -2.5% | -2.7% | -5.4% | |
| Q2 2018 | +0.5% | +1.7% | +6.6% | |
| Q1 2018 | -1.6% | -1.5% | +5.5% | |
| Q4 2017 | -3.5% | -1.9% | -0.6% | |
| Q3 2017 | +0.9% | +1.1% | +10.3% | |
| Q2 2017 | -0.1% | +0.3% | +6.7% | |
| Q1 2017 | -0.6% | -0.7% | -0.3% | |
| Q4 2016 | +0.2% | -0.1% | +1.8% | |
| Q3 2016 | +2.3% | +2.6% | +5.6% | |
| Q2 2016 | -0.2% | -0.7% | -4.9% | |
| Q1 2016 | +1.4% | +1.9% | -2.4% | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | +1.3% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +0.4% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +5.1% | — | — | |
| Q2 2011 | -3.6% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q4 2010 | +2.2% | — | — | |
| Q3 2010 | +5.9% | — | — | |
| Q2 2010 | +4.1% | — | — | |
| Q1 2010 | -5.1% | — | — | |
| Q4 2009 | +1.3% | — | — |
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