Home Depot Inc (NYSE:HD, ETR:HDI) shares moved higher as the home improvement retailer reaffirmed its full-year guidance despite reporting revenue and earnings below expectations for the second quarter.
The company continues to expect sales growth of 2.8% and comparable sales growth of 1% for 2025.
Adjusted EPS is expected to decline 2% from $15.24 in fiscal 2024.
For Q2, revenue grew 4.9% year-over-year to $45.28 billion, slightly below analyst estimates of $45.36 billion.
Comparable store sales were up 1%, short of the 1.2% expected, as US comparable sales were up 1.4%.
Earnings per share (EPS) of $4.68 also missed estimates of $4.71, but were up from $4.67 in the year-ago quarter.
“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,” Home Depot CEO Ted Decker said in a statement.
Shares of Home Depot added 3.8% at $410 on Tuesday morning.