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This statistic highlights Home Depot’s Revenue by Product Line, split across Building Materials, Decor, and Hardlines, reported on a quarterly basis from Q1 2019 onwards.
The Home Depot, Inc. is the world’s largest home improvement store. The company offers its clients a wide range of construction materials, home improvement goods, garden and lawn products, decorative products and maintenance, repair products and operational items, as well as services, including house installation, tools, and equipment rental.
|Product line||2020 Q1||2021 Q1||YOY Growth||Revenue Share in Q1 2021|
(All figures in billions, except percentages)
Home Depot’s total revenue rose from $28.27 billion in Q1 2020 to $37.50 billion in Q1 2021, marking an increase of 32.65% on a year-on-year basis
Home Depot Inc.’s Building Materials product line has a wide range of Merchandising Departments such as Building Materials, Electrical/Lighting, Lumber, Millwork, and Plumbing.
The majority of Home Depot’s revenue was generated through Building Materials, accounting for 36.43% of the company’s total revenue in Q1 2021, amounting to $13.66 billion. It was increased from $9.82 billion in Q1 2020.
Home Decorators Collection was merged with The Home Depot as a private brand of home décor in 2017 and is now offered only in The Home Depot locations. Home Depot’s decor product line includes Appliances, Storage, Flooring, Kitchen and Bath, and Paint.
Home Depot’s revenue from Decor increased from $9.31 billion in Q1 2020 to $11.88 billion in Q1 2021, an increase of 27.60% on a year-on-year basis. In Q1 2021, this product line contributed 31.68% to the company’s total revenue.
Home Depot’s Hardlines product line includes Hardware, Indoor Garden, Outdoor Garden, and Tools.
Home Depot’s revenue from Hardlines increased from $9.14 billion in Q1 2020 to $11.96 billion in Q1 2021, an increase of 30.85% on a year-on-year basis. In Q1 2021, this product line contributed 31.89% to the company’s total revenue.
The company implemented limitations in Q1 2020 to prioritize the safety of customers and colleagues in response to the COVID-19 pandemic, which had a negative impact on sales during the second part of the period. Online sales, which include sales produced online through websites for items picked up at shops or delivered to customer locations, accounted for 14.3% of net sales and increased by 27.1% in the first quarter of fiscal 2021 compared to the first quarter of fiscal 2020. The rise in online sales for the first quarter of fiscal 2021 was driven by customers continuing to use the company’s digital platforms for their purchasing requirements.
Home Depot Inc. was founded by Bernard Marcus, Arthur Blank, Ron Brill, and Pat Farrah in 1978. Its headquartered in Atlanta, Georgia, United States. Craig Menear is the current Chairman and CEO of the company. Its common stocks are traded on the New York Stock Exchange under the symbol ‘HD’. Home Depot faces tough competition from Hajoca Corporation, Ace Hardware, HHGregg, and Walmart.
As of the end of fiscal 2020, the company operated 2,296 The Home Depot stores across the United States, Canada, and Mexico. In addition, the company has a network of distribution and fulfillment centers, as well as a number of e-commerce websites. At the end of the fiscal year 2020, the company employed about 504,800 people, 35,700 of whom were salaried, with the rest paid on an hourly basis.
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