Q4 2025 Home Depot Inc Earnings Call Transcript
Key Points
- The Home Depot Inc (HD) reported a 3.2% increase in total sales for fiscal 2025, reaching $164.7 billion.
- The company achieved positive comp sales growth in the fourth quarter, with a 0.4% increase overall and 0.3% in the US.
- The Home Depot Inc (HD) is investing in digital tools and AI to enhance the Pro customer experience, including project management and delivery tracking.
- The company saw strong engagement and record sales during its Gift Center and Black Friday events.
- The Home Depot Inc (HD) plans to open approximately 15 new stores and 40 to 50 new SRS locations in fiscal 2026, indicating continued expansion.
- Adjusted diluted earnings per share decreased to $14.69 in fiscal 2025 from $15.24 in the prior period.
- The company experienced a decrease in total sales by $1.5 billion or approximately 3.8% in the fourth quarter compared to last year.
- Operating margin for the fourth quarter decreased to 10.1% from 11.3% in the previous year.
- The Home Depot Inc (HD) faces ongoing consumer uncertainty and pressure on housing, impacting demand for large discretionary projects.
- The company anticipates continued pressure on housing and home improvement demand due to high mortgage rates and low housing turnover.
(video playing)
Greetings and welcome to the Home Depot fourth-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Isabel Janci. Please go ahead.
Thank you, Christine, and good morning, everyone. Welcome to Home Depot's fourth-quarter and fiscal year 2025 earnings call. Joining us on our call today are Ted Decker, Chair, President, and CEO; Anne-Marie Campbell, Senior Executive Vice President; Billy Bastek, Executive Vice President of Merchandizing; and Richard McPhail, Executive Vice President and Chief Financial Officer.
Following our prepared remarks, the call will be open for questions. Questions will be limited to analysts and investors, and as a reminder, please limit yourself to one question with one follow-up. If we are unable to get to your question during the call, please call our investor relations department at 770-384-2387.
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