The Home Depot (HD) Revenue — Quarter Ended Jul 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential growth contrasted with the year-over-year contraction.
Key takeaway
Quarter ended Jul 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential growth contrasted with the year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$42.9B
Revenue reported for this quarter.
Quarter-over-quarter
+15.2%
Change from the immediately preceding quarter.
Year-over-year
-2.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$154.9B
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 |
|---|---|---|
| Oct 30, 2022 | $38.9B | +5.6% |
| Jan 29, 2023 | $35.8B | +0.3% |
| Apr 30, 2023 | $37.3B | -4.2% |
| Jul 30, 2023 | $42.9B | -2.0% |
Revenue performance
Revenue rose from the prior quarter, while it fell from the same quarter a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher; compared with the same quarter one year earlier, revenue was lower.
What to watch
The divergence between sequential and year-over-year revenue trends bears watching for signs of sustained demand recovery.