The Home Depot reported sales of $45.3 billion for the second quarter of fiscal 2025, showing a 4.9% increase from the same period in 2024.
Net earnings for the second quarter of fiscal 2025 were $4.6 billion.
The company reaffirmed its guidance for fiscal 2025 with specific targets for sales growth, comparable sales, new stores, gross margin, operating margin, and more.
Sales Growth
Sales for the second quarter of fiscal 2025 increased by $2.1 billion, representing a 4.9% growth from the previous year.
Earnings
Net earnings for the quarter were $4.6 billion, slightly lower than the earnings in the same period of fiscal 2024.
Guidance Reaffirmation
The company reaffirmed its guidance for fiscal 2025, providing specific targets for various financial metrics.
- The company's comparable sales in the U.S. increased by 1.4% in the second quarter of fiscal 2025.
- Foreign exchange rates negatively impacted total company comparable sales by approximately 40 basis points during the quarter.
The Home Depot's second quarter results were consistent with expectations, showcasing continued momentum in customer engagement and home improvement projects. The reaffirmed guidance for fiscal 2025 demonstrates the company's strategic planning and commitment to growth.