Home Depot reported second-quarter sales of $47.9 billion, beating analyst estimates due to strong demand for smaller home improvement projects. Adjusted earnings per share rose 5.1% to $4.92, surpassing expectations. Comparable sales increased 1.7%, driven by a 2.8% rise in average ticket size despite a 1% drop in customer traffic. The company reaffirmed its full-year guidance, expecting sales growth of 2.5% to 4.5% and adjusted earnings growth of up to 4%. Investors are watching how IEPPA refunds might offset raw material costs. Home Depot also opened 15 new stores in the quarter, with shares rising 0.7% following the report.
The Q2 earnings season is winding down with 737 global companies reporting results this week. Retailers like Walmart, Target, Home Depot, Lowe’s, TJX, and Ross Stores are under scrutiny as consumers prioritize essentials and bargain hunting amid a co...
Home Depot reported strong quarterly results with earnings per share of $4.92 and revenue of $47.86 billion, both surpassing analyst expectations. This growth comes amid a 'frozen housing market' where customers prefer smaller maintenance projects du...
Home Depot reported a 5.7% increase in second-quarter sales to $47.9 billion, driven by consumer demand for smaller home improvement projects amid high mortgage rates and home prices. Comparable U.S. sales rose 1.3%, with shoppers spending more per t...
Investors paused amid a global selloff of U.S. government bonds, rising crude oil prices, and escalating tensions in the Middle East, leading to a decline in market indices. Treasury yields increased as bond prices fell, reflecting concerns over infl...
Home Depot has introduced Express Delivery across the U.S., offering rapid delivery of trade and DIY products from over 2,000 stores within three hours for a small flat fee, no subscription required. This service covers thousands of items including p...
