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Home Depot (Patrick T. Fallon/Getty Images)
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Home Depot nails first same-store sales growth in two years after Q4 beat

Home Depot breaks two-year same-store sales slump as home improvement spending rebounds.

Nia Warfield

Home Depot delivered a strong fourth-quarter beat after reporting its first same-store sales growth in two years. The home improvement giant posted $34.8 billion in revenue, slightly exceeding Wall Street expectations. Net earnings per share came in at $3.02, narrowly topping analysts’ forecasts of $3.01. Meanwhile, comparable sales, a key metric also known as same-store sales, jumped 0.8% — ending eight straight quarters of declines.

The stock rallied on the report, with the stock up 3.8% as of 11 a.m. ET.

CEO Ted Decker credited the results to increased consumer spending on home improvement, even as larger remodeling projects remained muted. Looking ahead to 2025, Home Depot plans to open 13 new stores and expects total sales growth of approximately 2.8%.

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