---
schema_version: "secwatch.filing_event.v1"
accession: "0000354950-24-000118"
form_type: "8-K"
ticker: "HD"
cik: "0000354950"
company_name: "HOME DEPOT, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:26:22.533647+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Home Depot Q1 sales $36.4B (-2.3% YoY); EPS $3.63 vs $3.82; reaffirms FY guidance

## Summary
- Sales $36.4B, down 2.3% YoY; comparable sales -2.8% (-3.2% in U.S.).
- Net earnings $3.6B ($3.63 diluted EPS) vs $3.9B ($3.82) in Q1 FY2023.
- Reaffirms FY2024 guidance: total sales growth ~1% incl. 53rd week, comp sales -1%, operating margin ~14.1%.
- SRS Distribution acquisition not yet closed; not reflected in guidance.
- CEO cites delayed spring and continued softness in larger discretionary projects.

## SEC filing metadata
- accession: 0000354950-24-000118
- form_type: 8-K
- ticker: HD
- cik: 0000354950
- company_name: HOME DEPOT, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354950/000035495024000118/0000354950-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354950/000035495024000118/hd-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354950-24-000118
- JSON: https://secwatch.observer/filing/0000354950-24-000118.json
- Plain text: https://secwatch.observer/filing/0000354950-24-000118.txt

## Key facts
- Earnings Releases
  HOME DEPOT, INC. reported first quarter of fiscal 2024 results: revenue $36.4 billion, net income $3.6 billion, EPS $3.63 per diluted share. Guidance reaffirmed.
  - Period: first quarter of fiscal 2024
  - Revenue: $36.4 billion
  - Net income: $3.6 billion
  - EPS: $3.63 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance ATLANTA, May 14, 2024 -- The Home Depot ® , the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495024000118/0000354950-24-000118-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.