No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - DIY retailer Home Depot posted secondquarter numbers on Tuesday that topped Wall Street expectations, while also reiterating its fullyear guidance.
Home Depot said adjusted earnings per share came in at $4.92, ahead of the $4.73 expected by analysts, with revenues rising to $47.86bn against a $47.27bn consensus. Net income rose to $4.77bn, or $4.79 per share, from $4.55bn a year earlier.
Comparable sales increased 1.7%, beating expectations for a 0.9% rise and marking the retailer's strongest comparable performance since the third quarter of 2022.
Home Depot also reaffirmed its FY26 outlook, noting that tariff refunds were expected to partially offset higher fuel, energy and productinput costs. it continues to expect fullyear sales growth of 2.5% to 4.5% and operating margins of 12.4% to 12.6%.
The Georgia-based company said it remained pressured by lower housing turnover, higher mortgage rates and broader economic uncertainty, though it has been working to attract more professional customers, a segment it says was less sensitive to macro conditions.
As of 1330 BST, Home Depot shares were up 1.58% in pre-market action at $343.21 each.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.