Home Depot Sales Increase, Earnings Decrease in Q3

Nov 12, 2024

The Home Depot reported sales of $40.2 billion for the third quarter of 2024, a 6.6% increase from the third quarter of 2023.

Meanwhile, net earnings were $3.6 billion for the third quarter, or $3.67 per diluted share, compared to $3.8 billion in net earnings, or $3.81 per diluted share, during the third quarter of 2023.

"While macroeconomic uncertainty remains, our third quarter performance exceeded our expectations," Home Depot CEO Ted Decker said in a statement. "As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as well as incremental sales related to hurricane demand."

The company's full results for the third quarter of 2024 can be found here.

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