Home Depot reported Q2 revenue of $47.9 billion and adjusted EPS of $4.92, surpassing analyst expectations amid macroeconomic pressures.
Home Depot posted fiscal second-quarter revenue of $47.9 billion and adjusted diluted earnings per share of $4.92, exceeding Wall Street forecasts. The results drove a rise in shares despite unchanged guidance from management.
Same-store sales grew 1.7%, the fastest pace in nearly four years, though the metric remains under pressure. The company has increased its dividend for 17 consecutive years, offering a 2.67% yield, but investor focus has shifted to broader macroeconomic factors.
Shares climbed following the announcement, reflecting relief over the earnings beat despite lackluster long-term performance, with the stock up just 7% over the past five years.