Overview
- Q3 revenue rose to about $41.35 billion, topping estimates, but adjusted EPS of $3.74 missed forecasts as comparable sales inched up 0.2% overall and 0.1% in the U.S.
- Home Depot now guides full-year adjusted EPS down roughly 5% year over year, nudges sales growth to about 3%, and expects slightly positive comparable sales.
- Executives said weaker storm activity pressured categories such as roofing, generators, and plywood, and big-ticket projects remain deferred as housing turnover stays muted.
- Shares fell 4% to 6% after the report, and investors are watching Lowe’s results for signs the softness extends across home improvement retail.
- The company continues leaning into professional customers through SRS and GMS, with GMS expected to add about $2 billion in 2025 sales, as transactions slipped around 1.4% and average ticket rose near 2%.