Home Depot Fiscal Calendar 2024

Introduction

Home Depot is a popular chain of home improvement stores in the United States. As a publicly traded company, Home Depot follows a fiscal calendar to report its financial performance. In this article, we will discuss the Home Depot fiscal calendar for the year 2024.

What is a Fiscal Calendar?

A fiscal calendar is a period of 12 consecutive months used by companies to report their financial performance. It can start on any date, unlike the Gregorian calendar that starts on January 1st and ends on December 31st. The Home Depot fiscal calendar starts on the first Monday of February every year and ends on the Sunday of the following year.

Home Depot Fiscal Calendar 2024 Dates

The Home Depot fiscal calendar for 2024 starts on February 5, 2024, and ends on February 2, 2025. It is divided into four quarters:

• Q1: February 5, 2024, to May 5, 2024
• Q2: May 6, 2024, to August 4, 2024
• Q3: August 5, 2024, to November 3, 2024
• Q4: November 4, 2024, to February 2, 2025

Why is the Fiscal Calendar Important?

The fiscal calendar is important because it helps companies report their financial performance accurately. It also allows investors and stakeholders to compare financial performance year-over-year without the influence of seasonal fluctuations. For Home Depot, the fiscal calendar is particularly important because it is a publicly traded company that reports its earnings to the Securities and Exchange Commission (SEC).

FAQs

When will Home Depot report its earnings for the fourth quarter of 2023?

The fourth quarter of 2023 falls under the Home Depot fiscal calendar for 2024. Home Depot typically reports its earnings for each quarter one month after the quarter ends. Therefore, Home Depot will likely report its earnings for the fourth quarter of 2023 in March 2024.

What is the significance of the first Monday of February for Home Depot?

The first Monday of February marks the beginning of the Home Depot fiscal calendar. It is significant because it allows Home Depot to report its earnings in a way that is not influenced by seasonal fluctuations. It is also a way for Home Depot to separate itself from the traditional calendar year and report earnings on its own terms.

How can investors use the Home Depot fiscal calendar to make investment decisions?

Investors can use the Home Depot fiscal calendar to track the company's financial performance year-over-year. They can analyze trends in revenue, earnings, and profit margins to make informed investment decisions. For example, if Home Depot consistently reports strong financial results in the first quarter, investors may choose to buy stock in the company before the earnings report is released.

Conclusion

The Home Depot fiscal calendar for 2024 starts on February 5, 2024, and ends on February 2, 2025. It is divided into four quarters, and each quarter lasts for 13 weeks. The fiscal calendar is important for Home Depot because it allows the company to report its financial performance accurately and independently from seasonal fluctuations. Investors can use the fiscal calendar to track Home Depot's financial performance and make informed investment decisions.