The Home Depot®, the world's leading home improvement retailer, announced its financial results for the second quarter of fiscal 2025 on August 19, 2025. The company posted impressive sales of $45.3 billion, marking an increase of $2.1 billion, or 4.9% compared to the same quarter last year. Despite a challenging economic environment, comparable sales rose by 1.0%, with U.S. comparable sales showing a stronger performance at 1.4%. However, the company noted that foreign exchange rates negatively impacted total comparable sales by approximately 40 basis points.

2. Earnings Performance

Home Depot reported net earnings of $4.6 billion for the second quarter, translating to $4.58 per diluted share. This figure is slightly down from $4.60 per diluted share in Q2 fiscal 2024, which reflects a stabilizing performance in a competitive market. Adjusted diluted earnings per share rose to $4.68, a marginal increase from $4.67 in the same period last year, showcasing the company’s ability to maintain profitability amidst fluctuating market conditions.

Leadership Commentary

Ted Decker, chair, president, and CEO of Home Depot, expressed optimism regarding the company’s performance. "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," Decker stated. He praised the dedication of Home Depot’s associates, crediting their hard work for the company's ability to grow market share.

3. Fiscal 2025 Guidance Reaffirmed

Home Depot reaffirmed its guidance for the fiscal year 2025, which consists of a 52-week year compared to the 53-week year in fiscal 2024. Key elements of the guidance include:

Total sales growth of approximately 2.8%

Comparable sales growth of approximately 1.0%

Addition of about 13 new stores

Gross margin projected at approximately 33.4%

Operating margin expected to be around 13.0%

Adjusted operating margin anticipated at approximately 13.4%

Tax rate estimated at about 24.5%

Net interest expense of approximately $2.2 billion

Diluted earnings-per-share anticipated to decline by approximately 3% from $14.91 in fiscal 2024

Adjusted diluted earnings-per-share expected to decline by approximately 2% from $15.24 in fiscal 2024

Capital expenditures projected at about 2.5% of total sales

4. Store Operations

As of the end of the second quarter, Home Depot operated 2,353 retail stores and over 800 branches across various regions, including all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. The company employs more than 470,000 associates, emphasizing its significant role as a major employer in the retail sector.

5. Market Position

Home Depot's stock is traded on the New York Stock Exchange under the ticker symbol HD and is included in the Dow Jones Industrial Average and the Standard & Poor's 500 index. The company’s robust performance amidst economic headwinds speaks to its strong market position and operational excellence.

Future Outlook

As Home Depot moves forward into the latter half of fiscal 2025, the company remains focused on sustaining growth through strategic initiatives and enhancing customer engagement. With a solid foundation in place, Home Depot is well-positioned to navigate the evolving retail landscape and deliver value to its shareholders.

The company is set to conduct a conference call today at 9 a.m. ET to discuss its results and future outlook in more detail. Interested parties can access the call via a webcast available on the company’s investor relations website.

Original press release