The Home Depot Inc. (NYSE:HD) reported second-quarter fiscal 2025 sales of $45.277 billion, up 4.9% from $43.175 billion a year earlier, but slightly below Wall Street’s estimate of $45.356 billion.
Comparable sales rose 1.0%, with U.S. comparable sales increasing 1.4%. Foreign exchange rates weighed on results, reducing companywide comparable sales by 40 basis points.
Net earnings were $4.6 billion, or $4.58 per diluted share, compared with $4.6 billion, or $4.60 per share, in the prior year. Adjusted diluted earnings per share were $4.68, just above last year’s $4.67 but short of the $4.71 consensus estimate.
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“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.
Operating income totaled $6.555 billion, with an operating margin of 14.5%, compared with $6.534 billion and 15.1% a year earlier. Adjusted operating income reached $6.694 billion, with an adjusted margin of …