Home Depot (HD) has reaffirmed its fiscal 2025 guidance and outlined a preliminary outlook for 2026.
The home improvement retailer expects adjusted diluted EPS to decline ~5% from $15.24 in fiscal 2024, with total sales estimated to grow ~3%. Comparable sales growth is expected to be slightly positive for the comparable 52-week period.
The company is also providing a preliminary outlook for fiscal 2026, projecting adjusted diluted earnings-per-share to increase approximately flat to 4%, total sales growth of around 2.5% to 4.5% and comparable sales growth of approximately flat to 2%.
In addition, Home Depot (HD) outlined a potential market recovery scenario in which total sales would grow around 5%–6%, comparable sales 4%–5%, operating profit would rise faster than sales, and EPS would grow in the mid-to-high single digits if housing activity rebounds.
CFO Richard McPhail said, “Our Market Recovery Case reflects our performance expectations once we see momentum in housing activity and increased spend on larger projects driven by pent-up demand. We believe that the pressures in housing will correct and provide the home improvement market with support for growth faster than the general economy, and we expect to continue to grow faster than our market.”
“In our Accelerated Recovery Case, we could see sales and earnings per share grow faster in the event of a sharper housing recovery,” McPhail added.
Shares of Home Depot (HD) fell 1.1% premarket at $346.0.