Overview

• Q2 revenue was about $45.3 billion and adjusted EPS $4.68, slightly below estimates, with comparable sales up 1.0% globally and 1.4% in the U.S.
• Management said sales momentum improved through the quarter, exiting July with comps up roughly 3.3% year over year.
• The company reiterated full‑year guidance for net sales growth of 2.8% and comparable sales growth of about 1%.
• CFO Richard McPhail said customers will see modest price increases in some categories tied to higher tariffs, though broad-based hikes are not planned.
• Demand continues to favor smaller projects and professional customers; Home Depot is expanding its pro footprint through deals such as SRS and GMS and diversifying sourcing to limit reliance on any single country.