Overview
- Adjusted earnings were $3.74 per share, missing estimates by about $0.10, on revenue of roughly $41.4 billion that slightly topped forecasts, with comparable sales up 0.2% and U.S. comps up 0.1%.
- Home Depot now expects full‑year adjusted EPS to fall about 5% year over year, with sales growth of around 3% and slightly positive comps, aided by roughly $2 billion of revenue from the GMS acquisition.
- Executives cited weak housing turnover, consumer uncertainty, and a lack of storm‑driven demand in categories such as roofing and generators, as transactions fell about 1.4% and average ticket rose roughly 1.8%–2%.
- Shares fell roughly 3%–5% after the report as analysts highlighted persistent softness in big‑ticket remodels and a tougher near‑term outlook.
- Peer readouts reinforced the consumer slowdown, with Lowe’s posting modest comp gains but trimming its profit outlook and Target reporting a 2.7% drop in comparable sales.