Atlanta-based The Home Depot reported fourth-quarter sales were $34.8 billion, down 2.9% from the prior year. Profit was $2.8 billion.
Sales for fiscal 2023 were $152.7 billion, down 3% from 2022. Profit was $15.1 billion.
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“After three years of exceptional growth for our business, 2023 was a year of moderation,” said Ted Decker, president and CEO. “During fiscal 2023, we focused on several initiatives to strengthen the business while also staying true to our strategic investments of creating the best interconnected experience, growing our pro wallet share through our unique ecosystem of capabilities, and building new stores. We remain excited about the future for home improvement and our ability to grow share in our large and fragmented market, which we estimate to be over $950 billion. I also want to thank our associates for their hard work and dedication to serving our customers and communities.”
