Home Depot’s stock falls after another profit miss, but home-improvement projects increase https://t.co/ogRBT7SvDv
A key Home Depot sales metric came in shy of expectations in the latest quarter, a sign that consumers are staying away from big purchases https://t.co/hgJjz5S0H0
$HD | Home Depot Q2’25 Earnings Highlights 🔹 Revenue: $45.3B (Est. $45.44B) 🔴; UP +4.9% YoY 🔹 Adj. EPS: $4.68 (Est. $4.72) 🔴; UP +0.2% YoY 🔹 Net Income: $4.55B; DOWN -0.2% YoY 🔹 Comp Sales: +1.0% (Est. +1.39%) 🔴; vs. -3.3% YoY 🔹 U.S. Comp Sales: +1.4% (Est. +1.55%) 🔴
Home Depot reported fiscal second-quarter revenue of $45.3 billion and adjusted earnings of $4.68 a share, narrowly missing Wall Street forecasts of $45.4 billion and $4.72, respectively. It marked the home-improvement chain’s first simultaneous shortfall on both the top and bottom lines since May 2014, even as revenue rose 4.9% from a year earlier. Comparable sales increased 1.0%, below analysts’ 1.39% consensus, reflecting consumers’ continued shift toward smaller remodeling projects. U.S. comparable sales rose 1.4%. Net income slipped 0.2% to $4.55 billion, while operating income came in at $6.56 billion. Despite the softer quarter, the company reaffirmed its full-year outlook for roughly 1% comparable-sales growth and an operating margin of about 13%. Chief Financial Officer Richard McPhail said monthly sales trends improved through the quarter, supporting the decision to maintain the forecast. Investors reacted cautiously; Home Depot shares fell about 1% in pre-market trading following the release.