Home Depot Non-GAAP EPS of $4.68 misses by $0.01, revenue of $45.28B in-line

Home Depot press release (NYSE:HD): Q2 Non-GAAP EPS of $4.68 misses by $0.01.
Revenue of $45.28B (+4.8% Y/Y) in-line.
Comparable sales for the second quarter of fiscal 2025 increased 1.0%, and comparable sales in the U.S. increased 1.4%.
The company reaffirms its guidance for fiscal 2025, a 52-week year compared to fiscal 2024, a 53-week year.
- Total sales growth of approximately 2.8% vs 3.03% consensus
- Comparable sales growth of approximately 1.0% for the comparable 52-week period
- Approximately 13 new stores
- Gross margin of approximately 33.4%
- Operating margin of approximately 13.0%
- Adjusted⁽¹⁾ operating margin of approximately 13.4%
- Tax rate of approximately 24.5%
- Net interest expense of approximately $2.2 billion
- Diluted earnings-per-share to decline approximately 3% vs 0.64% consensus from $14.91 in fiscal 2024
- Adjusted⁽¹⁾ diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024
- Capital expenditures of approximately 2.5% of total sales