Home Depot reported fiscal second-quarter 2025 results that missed Wall Street expectations on both sales and earnings, the retailer’s first double miss since 2014. Net sales rose 4.9% from a year earlier to $45.28 billion, falling short of the $45.43 billion consensus, while GAAP earnings slipped to $4.58 a share. On an adjusted basis, profit was $4.68 a share, compared with analysts’ $4.72 estimate. Comparable sales increased 1.0% after a 3.3% decline a year ago but were below the 1.39% forecast. U.S. comps improved 1.4%. Management said sales trends strengthened each month in the quarter as customers concentrated on smaller home-improvement projects; larger remodels remain postponed rather than canceled, according to Chief Financial Officer Richard McPhail. The Atlanta-based company reaffirmed its full-year outlook, still projecting comparable sales growth of about 1% and an operating margin near 13%. It maintained guidance for total fiscal-year sales to rise roughly 2.8% and expects adjusted earnings to decline about 2% from last year. Home Depot shares slipped about 1% in early New York trading as investors digested the softer-than-expected quarter and the unchanged outlook.