The Home Depot reported sales of $43.2 billion for the second quarter of fiscal 2024, a 0.6% increase from the second quarter of fiscal 2023.
Meanwhile, net earnings were $4.6 billion for the second quarter, compared to $4.7 billion in net earnings during the same fiscal period last year.
"The underlying long-term fundamentals supporting home improvement demand are strong," CEO Ted Decker said in a statement. "During the quarter, higher interest rates and greater macro-economic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects. However, the team continued to navigate this unique environment while executing at a high level.”
The company's full results for the second quarter of 2024 can be found here.
