Home Depot's sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street's expectations.Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion that analysts polled by FactSet were looking for.Sales at stores open at least a year, a key indicator of a retailer's health, rose 1%. In the U.S., comparable store sales increased 1.4%.Customer transactions declined less than 1% in the quarter.
Although the revenue and EPS for Home Depot (HD) give a sense of how its business performed in the quarter ended July 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Home Depot (HD) shares advanced 3% Tuesday after the biggest home-improvement retailer affirmed its guidance as do-it-yourself and large project demand increased.
Home Depot (HD) came out with quarterly earnings of $4.68 per share, missing the Zacks Consensus Estimate of $4.71 per share. This compares to earnings of $4.67 per share a year ago.
Home Depot will report fiscal second-quarter earnings before the bell on Tuesday. As it faces a sluggish housing market, the retailer has turned to contractors and other home professionals to drive sales gains.
Investors will watch this week's earnings reports from Home Depot and Lowe's for signs of any reduction in the headwinds that have been facing the home and garden market. The sector has faced a sluggish housing market, tariffs, high interest rates and consumer caution when it comes to big purchases, Reuters reported Monday (Aug. 18).
Lowe's LOW and Home Depot HD reflect a notable pairing in the market, with competition remaining fierce between the two over the years.
Note: Home Depot FY'24 concluded on February 2, 2025.
Are affluent Americans still spending? Two big home improvement retailers could offer clues about that later this week.
Subdued by tariff headwinds earlier in the year, Home Depot and Lowe's stock have started to gain momentum ahead of their Q2 reports next week.
The Federal Reserve is squarely in focus, with political pressure from the Trump Administration, in-line inflation figures, and weaker data on jobs boosting the chance of interest rate cuts. How many will we get?
HD gears up for Q2 results, with revenue and EPS growth expectations, as its "One Home Depot" strategy drives momentum despite big-ticket sales pressure.