Home Depot reported second-quarter results that exceeded expectations, with revenue rising 5.7% year-over-year to $47.9 billion, translating to approximately €41.3 billion. The Atlanta-based company, the world’s largest home improvement retailer, posted net profit growth of 4.7% to nearly $4.8 billion and adjusted earnings per share up 5.1% to $4.92.
Comparable sales, a key metric tracking same-store performance, increased 1.7% during the three months ended August 2. Chief Financial Officer Richard McPhail noted that demand remained broad-based across all business segments, with customers continuing to prioritize smaller home improvement projects. The results were announced on Tuesday.
The company’s stock rose 0.5% in early U.S. trading following the release. For the full fiscal year, Home Depot maintained its sales growth guidance in a range of 2.5% to 4.5%, while comparable sales are expected to rise by up to 2% in the best-case scenario or remain flat in the worst case. Adjusted earnings per share are projected to increase by up to 4% or potentially match last year’s $14.69 per share if conditions deteriorate.
