Home Depot (NYSE:HD) shares climbed 2.2% in premarket trading on Tuesday after the company reaffirmed its full-year forecast, despite delivering mixed first-quarter results for fiscal 2025.
The home improvement giant generated $39.86 billion in revenue for the quarter, topping Wall Street expectations of $39.25 billion and marking a 9.4% increase compared to the same period last year. However, adjusted earnings per share came in slightly below estimates at $3.56, versus the expected $3.59.
Comparable sales fell 0.3% overall, although the U.S. segment showed a modest 0.2% increase. Currency exchange headwinds shaved about 70 basis points off total company comparable sales, according to the report.
“Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events,” said Ted Decker, chair, president and CEO.
Home Depot maintained its full-year guidance, forecasting approximately 2.8% growth in total sales and a 1% increase in comparable sales for the 52-week period. The company expects adjusted diluted earnings per share to decline by around 2% from the $15.24 reported in fiscal 2024.
The retailer also reiterated its plans to open around 13 new stores and kept its capital expenditure estimate unchanged at approximately 2.5% of annual revenue.
Separately, Bloomberg reported that the company’s chief financial officer stated Home Depot does not plan to raise prices in response to proposed tariffs—an approach that could help maintain customer demand amid rising cost pressures.