The Home Depot (HD) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter increased sequentially but declined compared to the same period last year. The sequential gain signals a rebound from the prior quarter's level.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q1
Revenue for the quarter increased sequentially but declined compared to the same period last year. The sequential gain signals a rebound from the prior quarter's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$37.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
-4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$155.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $43.8B | +6.5% |
| Oct 30, 2022 | $38.9B | +5.6% |
| Jan 29, 2023 | $35.8B | +0.3% |
| Apr 30, 2023 | $37.3B | -4.2% |
Revenue performance
The quarter-over-quarter improvement reflects a positive change from the immediately preceding period.
Quarterly comparison
Compared to the preceding quarter, revenue rose; however, compared to the same quarter one year earlier, revenue fell.
What to watch
Monitor whether the year-over-year decline continues in subsequent quarters.