Home improvement retailer The Home Depot has recorded $45.3bn sales for the second quarter (Q2) of fiscal 2025 – a 4.9% rise from the previous year.
The growth comes despite a minor impact from foreign exchange rates on total company comparable sales, which increased 1% and 1.4% in the US.
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Net earnings remained stable at $4.6bn. Adjusted diluted earnings per share saw a marginal increase from $4.67 to $4.68.
Home Depot chair, president and CEO Ted Decker stated: “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.”
The company expects total sales growth of 2.8% and comparable sales growth of 1% for fiscal 2025.
Home Depot plans to open 13 new stores and expects a gross margin close to 33.4%, with an operating margin of 13% and an adjusted operating margin of 13.4%.
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By GlobalDataDiluted earnings per share are expected to decline by roughly 3% from $14.91 in fiscal 2024, while adjusted diluted earnings per share may see a 2% decrease from $15.24.
Capital expenditures are estimated to be around 2.5% of total sales.
At the close of Q2, Home Depot operated 2,353 retail stores and 800 branches, employing more than 470,000 across all 50 US states, the District of Columbia, Puerto Rico, the US Virgin Islands, Guam, ten Canadian provinces and Mexico.
In July 2025, The Home Depot agreed to purchase building products distributor GMS for $5.5bn, including net debt, expanding its offerings to professional contractors.
