Overview
- Home Depot posted Q3 revenue of $41.4 billion, a 2.8% increase that beat estimates, but adjusted EPS of $3.74 missed and comparable sales rose just 0.2% as customer transactions fell 1.4%.
- Home Depot cut its full‑year adjusted EPS outlook to about a 5% decline from last year while nudging its sales growth view to roughly 3% with the GMS deal expected to add about $2 billion.
- Executives at Home Depot cited unusually light storm activity and ongoing housing pressure as key drags on demand for categories like roofing and generators, reflecting broader consumer uncertainty.
- Target’s Q3 comparable sales fell 2.7% as total revenue slipped 1.6% to $25.27 billion; EPS of $1.78 topped estimates but profit declined year over year and the company now guides full‑year EPS to $7.00 to $8.00.
- Target expects low single‑digit comparable‑sales declines in Q4 and is pursuing a turnaround under incoming CEO Michael Fiddelke with about 1,800 corporate job cuts and broad price reductions, with Walmart’s results next in focus for a read on holiday demand.