Home Depot Posts Mixed Financial Results

Home Depot (HD) has reported mixed financial results for this year’s calendar first quarter. The Atlanta-based home improvement retailer announced earnings per share (EPS) of $3.56 U.S., which fell short of the $3.60 U.S. expected on Wall Street. However, revenue in the period totaled $39.86 billion U.S., which was ahead of the $39.31 billion U.S. consensus forecast among analysts. Sales were up 9% from a year earlier. Despite the mixed results, management at Home Depot maintained their full-year sales forecast and stressed that they do not plan to raise prices due to import tariffs.More than half of what the company sells comes from within the U.S., said Home Depot executives. And the company plans to decrease the share of purchases that come from abroad. By 2026, no single country outside of the U.S. will represent more than 10% of the company’s purchases. For all of this year, Home Depot expects total sales to grow by 2.8% and comparable sales to rise 1%. As Home Depot grapples with a more challenging housing market, the company has switched its focus to target home professionals and builders rather than homeowners. In 2024, the company acquired SRS Distribution, a Texas-based company that sells supplies to roofing, pool and landscaping professionals. That acquisition cost $18.25 billion U.S.In its fiscal first quarter, transactions across Home Depot’s website and retail stores rose a combined 2.1% year-over-year. The average ticket item amounted to $90.71 U.S., only a few cents above the average seen a year ago.The stock of Home Depot has declined 2% this year to trade at $379.38 U.S. per share.