Home Depot Q4 Revenue $38.2B with 2.5% Comp Growth, Dividend Up 10%
Home Depot’s Q4 net income declined 12% year-over-year to $3.94 billion on revenue of $38.2 billion, with same-store sales up 2.5% that topped analyst estimates. The board raised its quarterly dividend by 10% to $2.20 per share as management cited steady U.S. housing demand.
1. Q4 Earnings and Sales
Home Depot reported Q4 net income of $3.94 billion, down 12% from the prior year, on revenue of $38.2 billion. Comparable-store sales rose 2.5%, driven by stronger sales in building materials and décor categories that outpaced Wall Street forecasts.
2. Dividend Increase
The board approved a 10% increase in its quarterly dividend, boosting it to $2.20 per share. This marks Home Depot’s tenth consecutive annual dividend raise, reflecting confidence in cash flow despite profit compression.
3. Housing Demand Outlook
Management highlighted steady U.S. housing market conditions, with stable new-build and remodel activity supporting customer traffic. The company plans to leverage its supply chain investments to capture further share as housing demand normalizes.