US EditionMixed Quarter at Home Depot with Less Storm Damage to Homes and a More Anxious Shopper
Home Depot cut its 2025 adjusted earnings per share forecast by about 5% due to fewer storms and a U.S. housing market slump, while raising sales growth outlook to 3%.
- For the three months ended Nov. 2, Home Depot, Atlanta-based home-improvement retailer, reported mixed results with revenue rising to $41.35 billion, citing fewer storms and housing pressure, CEO Ted Decker said.
- The U.S. housing slump has reduced home turnover, with about 28 out of every 1,000 homes changing hands between January and September, limiting repair and renovation demand, Redfin analysis shows.
- Home Depot's quarterly metrics show average spend per receipt rose to $90.39, while customer transactions fell 1.4%.
- Following the results, Home Depot lowered fiscal 2025 adjusted earnings, expecting a 5% decline from $15.24, raised its sales-growth outlook to about 3%, and shares dipped 2% before the opening bell Tuesday.
- Executives told analysts more than 50% domestically sourced products limit tariff impact, while underlying demand stayed stable and comparable sales are expected to be slightly positive.
35 Articles
35 Articles
Home Depot Lowers Outlook as Mild Weather, Reduced Home Spending Hits Sales
Mild fall weather across the country—a hurricane didn’t make landfall on U.S. shores in September for the first time in a decade—coupled with homeowners reigning back spending on home improvement projects, led to lower-than-expected third-quarter earnings at Home Depot. The home improvement giant on Nov. 18 reported sales of $41.4 billion, a 2.8 percent increase from the same quarter last year, with net earnings of $3.6 billion and adjusted earn…
Home Depot earned a net profit of $11,585 million during the first nine months of its fiscal year of 202.
Why Home Depot Stock Dropped Today
Key PointsHome Depot beat on sales but missed on earnings this morning.Guidance was weak as well.10 stocks we like better than Home Depot › Home Depot (NYSE: HD) stock tumbled 3.4% through 11:10 a.m. ET Tuesday morning after missing on earnings but beating on sales. Analysts forecast the home improvement retailer would report a $3.83 per share Q3 profit on sales of $41.1 billion. Home Depot actually earned only $3.74 per share, adjusted for one-…
Middle-class shoppers are pulling back
For a company long considered a bellwether for the health of the American homeowner, Home Depot's miss is a worrying sign.Mario Tama/Getty ImagesHome Depot missed forecasts as middle-class shoppers pulled back on big projects.Milder weather and housing pressures hit demand for home improvement supplies.One analyst warned the consumer backdrop is going from "from soft to softer" heading into winter.Home Depot just became the latest major retailer…
Coverage Details
Bias Distribution
- 66% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
