Home Depot (HD) Tops Q2 EPS by 19c, reaffirms guidance

Home Depot (NYSE: HD) reported Q2 EPS of $4.92, $0.19 better than the analyst estimate of $4.73. Revenue for the quarter came in at $47.86 billion versus the consensus estimate of $47.23 billion.

Fiscal 2026 Guidance

The Company reaffirms its fiscal 2026 guidance. Guidance includes IEEPA tariff refunds, which are expected to partially offset unplanned fuel, energy, and other product input costs throughout the fiscal year.

Total sales growth of approximately 2.5% to 4.5%
Comparable sales growth of approximately flat to 2.0%
Approximately 15 new stores
Gross margin of approximately 33.1%
Operating margin of approximately 12.4% to 12.6%
Adjusted(1) operating margin of approximately 12.8% to 13.0%
Effective tax rate of approximately 24.3%
Net interest expense of approximately $2.3 billion
Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025
Adjusted(1) diluted earnings-per-share to grow approximately flat to 4.0% from $14.69 in fiscal 2025
Capital expenditures of approximately 2.5% of total sales

For earnings history and earnings-related data on Home Depot (HD) click here.

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