The Home Depot (HD) Revenue — Quarter Ended Oct 29, 2023
Revenue for the quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The decline was steeper sequentially than on an annual basis.
Key takeaway
Quarter ended Oct 29, 2023 · FY2023 Q3
Revenue for the quarter decreased compared with both the immediately preceding quarter and the same quarter one year earlier. The decline was steeper sequentially than on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$37.7B
Revenue reported for this quarter.
Quarter-over-quarter
-12.1%
Change from the immediately preceding quarter.
Year-over-year
-3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$153.7B
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 |
|---|---|---|
| Jan 29, 2023 | $35.8B | +0.3% |
| Apr 30, 2023 | $37.3B | -4.2% |
| Jul 30, 2023 | $42.9B | -2.0% |
| Oct 29, 2023 | $37.7B | -3.0% |
Revenue performance
The reported revenue fell relative to the prior quarter, continuing a pattern of contraction seen in recent periods.
Quarterly comparison
Revenue was lower than both the prior quarter and the same quarter a year ago. The sequential decline was larger than the year-over-year decline.
What to watch
The filing context provides no specific explanation for the revenue change; monitor subsequent filings for causal factors.