Home Depot (HD) Misses Q3 EPS by 10c, Beats on Revenue; Offers Guidance
Home Depot (NYSE: HD) reported Q3 EPS of $3.74, $0.10 worse than the analyst estimate of $3.84. Revenue for the quarter came in at $41.4 billion versus the consensus estimate of $41.18 billion.
Fiscal 2025 Guidance
The company updated its fiscal 2025 guidance, a 52-week year compared to fiscal 2024, a 53-week year, to reflect its third quarter performance, continued pressure in the fourth quarter from the lack of storm activity, ongoing consumer uncertainty and housing pressure, and the inclusion of GMS.
Total sales growth of approximately 3.0%
GMS expected to contribute approximately $2.0 billion in incremental sales
Comparable sales growth to be slightly positive for the comparable 52-week period
Approximately 12 new stores
Gross margin of approximately 33.2%
Operating margin of approximately 12.6%
Adjusted(1) operating margin of approximately 13.0%
Tax rate of approximately 24.5%
Net interest expense of approximately $2.3 billion
Diluted earnings-per-share to decline approximately 6.0% from $14.91 in fiscal 2024
Adjusted(1) diluted earnings-per-share to decline approximately 5.0% from $15.24 in fiscal 2024
Capital expenditures of approximately 2.5% of total sales
For earnings history and earnings-related data on Home Depot (HD) click here.
