Home Depot falls as Q2 results miss estimates

Investing.com -- Home Depot reported second-quarter fiscal 2025 results that fell short of analyst expectations, sending shares down 2.5% as both earnings and revenue missed Wall Street forecasts despite showing growth from the previous year.

The world’s largest home improvement retailer posted adjusted earnings per share of $4.68, missing analyst estimates of $4.72, while revenue came in at $45.3 billion versus the consensus estimate of $45.44 billion. Despite the miss, revenue increased 4.9% from the same quarter last year, with comparable sales rising 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 (NYSE:HD).

Foreign exchange rates negatively impacted total company comparable sales by approximately 40 basis points during the quarter.

The company reaffirmed its fiscal 2025 guidance, projecting total sales growth of approximately 2.8% and comparable sales growth of about 1.0% for the comparable 52-week period. Home Depot also maintained its outlook for adjusted diluted earnings per share to decline approximately 2% from $15.24 in fiscal 2024.

"Our teams are executing at a high level and we continue to grow market share," added Decker.

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