The Home Depot (HD) Revenue — Quarter Ended Jan 28, 2024
Revenue for the reported quarter decreased compared to the immediately preceding quarter. The decline also extended versus the same quarter one year earlier.
Key takeaway
Quarter ended Jan 28, 2024 · FY2023 Q4
Revenue for the reported quarter decreased compared to the immediately preceding quarter. The decline also extended versus the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34.8B
Revenue reported for this quarter.
Quarter-over-quarter
-7.8%
Change from the immediately preceding quarter.
Year-over-year
-2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$152.7B
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 |
|---|---|---|
| Apr 30, 2023 | $37.3B | -4.2% |
| Jul 30, 2023 | $42.9B | -2.0% |
| Oct 29, 2023 | $37.7B | -3.0% |
| Jan 28, 2024 | $34.8B | -2.9% |
Revenue performance
The quarter's revenue was lower than the prior quarter's figure, reflecting a sequential contraction. On a year-over-year basis, revenue also fell.
Quarterly comparison
The revenue decline from the preceding quarter was much larger than the decline from the same quarter one year earlier.
What to watch
The sequential revenue drop is a notable development, particularly as the year-over-year decline was smaller.