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CLAIM #29597 · The Home Depot Inc (HD) · 2024Q4 earnings call · Feb 25, 2025 · due Dec 31, 2025

SRS will grow fast than the core, and we believe they're taking share in each of their three verticals.

Ted Decker · CEO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
SRS will grow fast[er] than the core, and we believe they're taking share in each of their three verticals.
Reported
rather than seeing them grow at mid-single digits, they're likely to grow low single digits.

In context

ns have come down over the last several months. And r plus one, as Richard explained, is is a continuation of some of the underlying strength in the business and our initiatives that we absolutely are are gaining incremental sales for us. So that's why, you know, we we peg our comp growth at one percent. Now if you look at the the combination of of what's driving our share gain for both pro and consumer in the core, it is all the capabilities that that we're putting in the marketplace. We we talked a lot about interconnected and all the investments we've made on the interconnected journey. And then certainly all the investments on our pro ecosystem and and I'll have Jordan spend a few minutes more on what we're doing on Interconnected. And then you add what we're doing with SRS, you know, SRS will grow fast than the core, and we believe they're taking share in each of their three verticals. So we're very pleased with what SRS is doing. So all that with our our new stores, which are starting to add some some meaningful dollars to our growth, Gets us to the the one percent comp and 2.8% overall growth in a flat market. So we wouldn't say our our share has peaked by any means in DIY or pro. And then Jordan, if you chat about what we're doing to drive share in pro and consumer Yeah. With interconnections. Sure. So I mean, we Billy Billy shared the excitement we have had on dot com sales performance, and that's really across both the consumer and the pro, both of them up healthily. Online. And it's been a combination of investments that we made that have helped deliver that. From the site experience and really making that journey so much better from a from a browse and search per

Verify independently

SEC filings for HD · Claim quote is verbatim from the 2024Q4 earnings call.