Today, The Home Depot, the world’s largest home improvement retailer, reported its fiscal second quarter 2025 sales at $45.3 billion, marking a $2.1 billion increase, or 4.9%, from Q2 2024.
In Q2, comparable sales in the U.S. increased for the retailer by 1.4%.
Although Home Depot achieved revenue and outlook gains, its shares dropped roughly 2% in premarket trading because the company missed Wall Street’s earnings estimates for the second consecutive quarter.
Wall Street projected earnings of $45.36 billion, compared to $45.28 billion the company earned in Q2.
Heading into Q3, despite looming tariffs, Home Depot will not raise prices.
Ted Decker, Chair, President, and CEO of The Home Depot, told investors, “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. Our teams are executing at a high level and we continue to grow market share. I would like to thank our associates for their continued hard work and dedication.”
In an interview after the release, company CFO Richard McPhail noted that since mid-2023, the company has seen persistent effects of a “deferral mindset” among homeowners. However, he also mentioned positive signs of consumer spending, stating, “We absolutely saw momentum continue to grow in our core categories throughout the quarter.”
The company reaffirmed its guidance for fiscal 2025, predicting a total sales growth of approximately 2.8%.
By CEO NA Editorial Staff
