Overview
- Home Depot posted Q3 revenue of about $41.35 billion with comparable sales up 0.2%, but adjusted EPS of $3.74 missed estimates near $3.84.
- The company now expects full-year adjusted EPS to fall about 5% to roughly $14.48, while raising its sales outlook to about $164.3 billion with slightly positive comps.
- Management pointed to weaker storm-driven categories and consumer caution tied to a frozen housing market; transactions fell 1.4% as average ticket rose about 2%.
- Shares fell several percent on Tuesday following the results and guidance cut, extending the stock’s year-to-date decline.
- Home Depot continues to push into the professional segment with SRS closed and a pending GMS acquisition that it expects to add roughly $2 billion to 2025 sales, and investors are watching Lowe’s results for industry read-through.