Home Depot Reports Sales Growth, Breaking Eight-Quarter Decline Streak

Benzinga 2025-02-27

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Home Depot reported fourth-quarter same-store sales growth, breaking an eight-quarter streak of declines and surpassing analysts’ expectations of a share decrease. Home Depot raised its annual dividend, increasing payouts to shareholders. Home Depot shares rose 3% in early Tuesday trading after recovering from an earlier decline and lagged the S&P 500's gains over the past year. Home Depot projected a decline in adjusted earnings per share, falling short of analyst expectations, but investors remained optimistic as management suggested the company's performance could improve in 2025.

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