Overview
- Wall Street forecasts EPS of about $3.83–$3.85 on roughly $41.1 billion in revenue and a 1% to 1.5% comparable-sales increase.
- Card data show fewer transactions in the quarter even as average tickets rose, pointing to weaker visits masked by higher prices.
- Tariffs have lifted costs, with the effective rate near 17.9% to 18% this year, while mortgage rates above 6% and HELOCs near 7.8% keep large projects on hold.
- Management’s push toward professional customers continues through the SRS Distribution purchase and the announced GMS deal, alongside expanded trade credit for pros.
- Analysts have trimmed price targets and the stock has lagged this year, sharpening focus on Q4 and 2026 guidance plus the split between pro and DIY demand.