Home Depot Reports $40.2B Sales, $3.78 EPS, Raises Full-Year Guidance Amid Tariff Challenges

Home Depot reported a strong third-quarter performance, with sales reaching $40.2 billion and earnings per share (EPS) of $3.78, surpassing analysts' expectations. The company raised its full-year guidance despite ongoing challenges, including the impact of Trump tariffs and rising interest rates, which are pressuring home remodeling activities. Analysts at Loop Capital have increased their price target for Home Depot shares to $465 from $460, citing improved sales trends as the Federal Reserve is expected to lower interest rates. While sales are improving, Home Depot noted that consumer spending remains cautious.