It says right there "A-1". Ya think they might be playing dirty Leo?Can't imagine getting any hardwood plywood from HD that would make me want to purchase it. One of the few plywoods I get at HD is there B/C fir. I use it to make benches, carts and some fixtures. For less than $30 it is a good deal.
HD usually sells a "C" grade plywood. I have never seen/heard of a "C" grade Cherry plywood.