Home Depot Posts Strong Q2 Sales, Reaffirms Full-Year Outlook

Home Depot reported stronger sales in its fiscal second quarter as customers continued to favor smaller, more affordable projects amid ongoing cost concerns and economic uncertainty. Revenue rose to about $45.3 billion, a gain of roughly 4.9% from a year earlier, though results lagged some Wall Street expectations on both the top and bottom lines. The company reaffirmed its full-year outlook, forecasting about 2.8% sales growth and roughly 1% comps for the 52-week year, even as it maintains a cautious view on the housing market and inflation-driven dynamics that have restrained larger remodeling projects.

On the sales front, the company posted a companywide comparable sales increase of about 1.0%, with U.S. comps rising 1.4%. The average ticket climbed to $90.01, up from $88.90 a year earlier, while transactions fell slightly, underscoring the shift toward higher-ticket items and efficiency in customer visits. Currency headwinds dampened results, reducing companywide comparable sales by about 40 basis points. Net earnings were approximately $4.6 billion, or about $4.58 per diluted share, with adjusted earnings per share of $4.68, just above the prior year’s level but modestly...