The Home Depot reported sales of $41.4 billion for the third quarter of fiscal 2025, with a 2.8% increase from the previous year.
Net earnings for the third quarter were $3.6 billion, or $3.62 per diluted share.
The company's results were impacted by lower-than-expected demand and external pressures on the home improvement sector.
Sales Growth
Sales increased by 2.8% compared to the same period in fiscal 2024.
Net Earnings
Net earnings for the quarter were $3.6 billion, showing stability compared to the previous year.
Fiscal 2025 Guidance
The company updated its guidance, expecting total sales growth of approximately 3.0% for the year.
- The lack of storms in the third quarter affected sales performance.
- Consumer uncertainty and housing pressures have impacted home improvement demand.
- The inclusion of GMS Inc. contributed approximately $900 million to total sales in the quarter.
Despite missing expectations, The Home Depot remains committed to growing market share and acknowledges the challenges ahead in fiscal 2025.