Home Depot Q2 Sales Beat Estimates on Broad-Based Demand
HD sits 17% above its 52-week low of $289.1.
Summary
Home Depot delivered a strong fiscal Q2, with sales rising 5.7% to $47.86 billion, beating the $47.27 billion consensus. Adjusted EPS climbed 5.1% to $4.92. Management reaffirmed full-year guidance, including total sales growth of 2.5% to 4.5% and comparable sales growth of flat to 2.0%. This follows a period of macro headwinds and a CEO medical leave announced earlier this month, making the broad-based demand and reaffirmed outlook a notable positive. The results suggest resilience in smaller project spending despite a sluggish housing market. Investors will watch whether the company resumes share buybacks, which were paused in fiscal 2025 to prioritize debt reduction.
At the time of this announcement, HD was trading at $338.65 on NYSE in the Trade & Services sector, with a market capitalization of approximately $336.9B. The 52-week trading range was $289.10 to $426.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.