‘A Year of Moderation’: Home Depot Profits Slip 16.7% in Q4 2023

The Home Depot ended the fiscal year with a net profit of $2.8 billion, a 16.7% decline compared with the fourth quarter of 2022.

The retail chain’s net sales for the fourth quarter were $34.8 billion, down 2.9% from the same period last year.

"After three years of exceptional growth for our business, 2023 was a year of moderation," stated Ted Decker, chair, president, and CEO of Home Depot. "During fiscal 2023, we focused on several initiatives to strengthen the business while also staying true to our strategic investments of creating the best interconnected experience, growing our pro wallet share through our unique ecosystem of capabilities, and building new stores.”

The company’s full fourth quarter report can be found at this link.

Page 1 of 798
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts