1、23AnnualReportFiscal 2023:A Year of ModerationFiscal 2023 was a year of moderation after three years of unprecedented growth in the home improvement market.It was also a year of opportunity.We focused on several operational improvements to strengthen the business,while also staying true to the growt
2、h opportunities detailed at our Investor and Analyst conference in June of 2023.During fscal 2023,total sales declined 3.0 percent to$152.7 billion,compared to fscal 2022.Fiscal 2023 comparable sales declined 3.2 percent for the total Company and 3.5 percent in the U.S.Our fscal 2023 net earnings we
3、re$15.1 billion,and earnings per diluted share decreased 9.5 percent to$15.11.Focused on Strategic ObjectivesOver the last several years,we have successfully managed through a dynamic macroeconomic environment,including infation and disinfation,higher interest rates,and shifts in consumer spending.T
4、hroughout this time,our strategic priorities have remained the same:deliver the best customer experience in home improvement,develop differentiated capabilities,and extend our low-cost provider position.Our objectives to grow market share and deliver exceptional shareholder value also remain unchang
5、ed.Fiscal 2023 marked another year of important progress in support of these priorities and objectives.We are focused on the execution of our strategies to continue to remove friction from the interconnected experience,enhance the Pro experience through our ecosystem of capabilities,and grow our sto
6、re footprint.Our customers navigate the physical and digital worlds in a truly interconnected way,and for us it is all about delivering the best shopping experience regardless of how they choose to shop with us.In the last few years,we have enhanced our digital in-store navigation in our Home Depot