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Home Depot | 10-Q: Q2 2025 Earnings Report

Home Depot | 10-Q: Q2 2025 Earnings Report

家得宝 | 10-Q:2025财年二季报
美股SEC公告 ·  2024/08/20 15:56

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Home Depot reported Q2 fiscal 2024 revenue of $43.2 billion, up 0.6% year-over-year, while net earnings declined 2.1% to $4.56 billion. Comparable sales decreased 3.3%, reflecting a 2.2% drop in customer transactions and 1.3% decline in average ticket. Gross profit margin improved to 33.4% from 33.0%, driven by lower transportation costs and reduced shrink.The company completed the acquisition of SRS Distribution for $18 billion on June 18, 2024, funded through a combination of commercial paper borrowings and $10 billion in new senior notes. SRS, a specialty trade distributor serving professional contractors, contributed $1.3 billion in sales since acquisition. The integration is expected to accelerate growth with residential professional customers.Looking ahead, Home Depot plans capital expenditures of $3.0-3.5 billion for fiscal 2024, focusing on new stores and customer experience improvements. The company increased its quarterly dividend by 7.7% to $2.25 per share but has paused share repurchases to prioritize debt reduction following the SRS acquisition. Online sales grew 3.9% year-over-year, representing 14.9% of total sales.
Home Depot reported Q2 fiscal 2024 revenue of $43.2 billion, up 0.6% year-over-year, while net earnings declined 2.1% to $4.56 billion. Comparable sales decreased 3.3%, reflecting a 2.2% drop in customer transactions and 1.3% decline in average ticket. Gross profit margin improved to 33.4% from 33.0%, driven by lower transportation costs and reduced shrink.The company completed the acquisition of SRS Distribution for $18 billion on June 18, 2024, funded through a combination of commercial paper borrowings and $10 billion in new senior notes. SRS, a specialty trade distributor serving professional contractors, contributed $1.3 billion in sales since acquisition. The integration is expected to accelerate growth with residential professional customers.Looking ahead, Home Depot plans capital expenditures of $3.0-3.5 billion for fiscal 2024, focusing on new stores and customer experience improvements. The company increased its quarterly dividend by 7.7% to $2.25 per share but has paused share repurchases to prioritize debt reduction following the SRS acquisition. Online sales grew 3.9% year-over-year, representing 14.9% of total sales.
家得宝报告2024财年第二季度营业收入为432亿,同比增长0.6%,净利润下降2.1%,降至45.6亿。可比销售额下降3.3%,反映出客户交易下降2.2%以及平均交易额下降1.3%。毛利润率从33.0%提高至33.4%,主要得益于运输成本降低和损耗减少。公司于2024年6月18日以180亿完成对SRS Distribution的收购,资金来源为商业票据借款和100亿新发行的高级票据。SRS是一家为专业承包商服务的专业贸易分销商,自收购以来贡献了13亿销售额。预计整合将加速与住宅专业客户的增长。展望未来,家得宝计划在2024财年投入300-350亿资本支出,重点在于新店开设和客户体验改善。公司将季度股息提高7.7%至每股2.25美元,但暂停了股票回购,以优先偿还SRS收购后的债务。在线销售同比增长3.9%,占总销售额的14.9%。
家得宝报告2024财年第二季度营业收入为432亿,同比增长0.6%,净利润下降2.1%,降至45.6亿。可比销售额下降3.3%,反映出客户交易下降2.2%以及平均交易额下降1.3%。毛利润率从33.0%提高至33.4%,主要得益于运输成本降低和损耗减少。公司于2024年6月18日以180亿完成对SRS Distribution的收购,资金来源为商业票据借款和100亿新发行的高级票据。SRS是一家为专业承包商服务的专业贸易分销商,自收购以来贡献了13亿销售额。预计整合将加速与住宅专业客户的增长。展望未来,家得宝计划在2024财年投入300-350亿资本支出,重点在于新店开设和客户体验改善。公司将季度股息提高7.7%至每股2.25美元,但暂停了股票回购,以优先偿还SRS收购后的债务。在线销售同比增长3.9%,占总销售额的14.9%。
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