Home Depot (NYSE:HD) reported fiscal Q2 2025 results that fell below analyst forecasts, causing shares to slide 2.5%, even though both revenue and earnings showed year-over-year growth.
The home improvement giant posted adjusted earnings per share of $4.68, missing estimates of $4.72. Revenue reached $45.3 billion, slightly below the consensus forecast of $45.44 billion. Still, total revenue increased 4.9% from the same quarter last year, with comparable sales up 1.0% overall and 1.4% in the U.S.
“Our second quarter results were in line with our expectations. The momentum that began in the back half of last year continued throughout the first half as customers engaged more broadly in smaller home improvement projects,” said Ted Decker, chair, president and CEO of Home Depot.
Foreign exchange rates had a modest negative effect on total company comparable sales, reducing them by around 40 basis points during the quarter.
The company reiterated its fiscal 2025 guidance, forecasting total sales growth of about 2.8% and comparable sales growth near 1.0% for the comparable 52-week period. Home Depot also expects adjusted diluted earnings per share to decline roughly 2% from $15.24 in fiscal 2024.
“Our teams are executing at a high level and we continue to grow market share,” Decker added.
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