ALT Home Depot announced its Q2 fiscal 2024 earnings performance, reporting sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from Q2 of fiscal 2023. Comp sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%. Net earnings for the second quarter of fiscal 2024 were $4.6 billion, or $4.60 per diluted share, compared with net earnings of $4.7 billion, or $4.65 per diluted share, in the same period of fiscal 2023. In Q2, the company expanded a partnership with Instacart and completed our acquisition or SRS Distribution. Sales leveraging our digital platforms increased 4 percent. Ted Decker, Chair, President and CEO said, “Our merchants, store and MET teams, supplier partners, and supply chain team are always ready to serve in any environment. They did an outstanding job delivering value and service to our customers throughout the quarter, and I’d like to thank them for their dedication and hard work."
ALT This morning, The Home Depot announced its Q4 FY 2023 earnings, with $34.8 billion in sales, a decrease of 2.9% from Q4 2022. Q4 saw a record sales year for our decorative holiday event, and sales leveraging digital platforms increased nearly 2%. Ted Decker, Home Depot Chair, President and CEO said, "We remain excited about the opportunity to grow our share of a fragmented $950+ billion market. Our associates and supplier partners have continually demonstrated agility and resilience, and I want to thank them for their hard work and dedication to serving our customers and communities."
