Overview
- Adjusted earnings were $3.74 per share versus $3.84 expected, on revenue of $41.35 billion that slightly beat forecasts.
- Comparable sales rose 0.2% as customer transactions declined roughly 1.4% to 1.6% and average ticket increased.
- Full-year guidance now calls for about a 5% decline in adjusted earnings and roughly 3% sales growth, with slightly positive comps.
- Online sales grew 11%, while management continues shifting toward professional customers through acquisitions such as SRS and GMS and expanded trade credit.
- The company pointed to consumer uncertainty and a weak housing market as demand drags, with tariff-driven cost pressures elevated this year; shares slipped roughly 3% premarket and are down about 8% year to date.