Home Depot reported stronger-than-expected fiscal second-quarter results, with sales rising 5.7% to $47.86 billion and adjusted diluted EPS climbing to $4.92 from $4.68, above the $4.73 consensus. Comparable sales increased 1.7%, while U.S. comparable sales rose 1.3%, though comparable transactions declined 1% and comparable average ticket increased 2.8%. The company received $730 million of IEEPA tariff refunds, of which $685 million reduced second-quarter cost of goods sold, adding approximately 145 basis points to gross margin before unplanned costs and acquisition mix reduced the net benefit to about 25 basis points, bringing gross margin to 33.7%. Management reaffirmed fiscal 2026 guidance for total sales growth of 2.5% to 4.5% and comparable-sales growth between flat and 2%, while maintaining its outlook for adjusted diluted EPS growth between flat and 4% from fiscal 2025's $14.69.
ConocoPhillips
Chevron CorpThe Home Depot IncHome Depot beats Q2 estimates with EPS above consensus and reaffirms guidance.
