The Home Depot (HD) Revenue — Quarter Ended Apr 28, 2024
Revenue for the quarter increased compared to the immediately preceding period. However, year-over-year revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Apr 28, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding period. However, year-over-year revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.7%
Change from the immediately preceding quarter.
Year-over-year
-2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$151.8B
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 30, 2023 | $42.9B | -2.0% |
| Oct 29, 2023 | $37.7B | -3.0% |
| Jan 28, 2024 | $34.8B | -2.9% |
| Apr 28, 2024 | $36.4B | -2.3% |
Revenue performance
The reported revenue moved higher on a sequential basis, reversing the declines seen in the prior three quarters.
Quarterly comparison
Compared with the preceding quarter, revenue rose. Compared with the same quarter one year ago, revenue fell.
What to watch
The trend data shows sequential improvement but continued year-over-year contraction.