Home Depot (HD) official guidance
Home Depot (HD) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteHDHOME DEPOT, INC.FY2026 · ends 2027-01-31
5 metrics5 maintainedearnings call · 2026-08-19 04:01:24 UTC
2026-08-19 04:01:24 UTC2.5%maintained
We plan to continue investing in our business with capital expenditures of approximately 2.5% of sales for fiscal 2026.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC2.5%maintained
•Capital expenditures of approximately 2.5% of total sales
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC2.5%maintained
We plan to continue investing in our business with capital expenditures of approximately 2.5% of sales for fiscal 2026.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC2.5%maintained
•Capital expenditures of approximately 2.5% of total sales
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC2.5%maintained
We plan to continue investing in our business with capital expenditures of approximately 2.5% of sales for fiscal 2026.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC2.5%new
Capital expenditures of approximately 2.5% of total sales
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC24.3%maintained40 bps vs FY2025
Our effective tax rate is targeted at approximately 24.3%.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC24.3%maintained40 bps vs FY2025
•Effective tax rate of approximately 24.3%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC24.3%maintained40 bps vs FY2025
Our effective tax rate is targeted at approximately 24.3%.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC24.3%maintained40 bps vs FY2025
•Effective tax rate of approximately 24.3%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC24.3%maintained
Our effective tax rate is targeted at approximately 24.3%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC24.3%new
Effective tax rate of approximately 24.3%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC0% – 4%maintained0% – 4% vs FY2025
We expect our diluted earnings per share and adjusted diluted earnings per share to both increase approximately flat to 4% compared to fiscal 2025.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC0% – 4%maintained0% – 4% vs FY2025
•Adjusted(1) diluted earnings-per-share to grow approximately flat to 4.0% from $14.69 in fiscal 2025
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC0% – 4%maintained0% – 4% vs FY2025
We expect our diluted earnings per share and adjusted diluted earnings per share to both increase approximately flat to 4% compared to fiscal 2025.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC0% – 4%maintained0% – 4% vs FY2025
•Adjusted(1) diluted earnings-per-share to grow approximately flat to 4.0% from $14.69 in fiscal 2025
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC0% – 4%maintained0% – 4% vs FY2025
Looking ahead to fiscal 2026, we expect total sales growth of approximately 2.5%-4.5%, comparable sales growth of approximately flat to 2%, and adjusted diluted earnings per share to grow approximately flat to 4%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC0% – 4%new0% – 4% vs FY2025
Adjusted(1) diluted earnings-per-share to grow approximately flat to 4.0% from $14.69 in fiscal 2025
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC0% – 4%maintained0% – 4% vs FY2025
We expect our diluted earnings per share and adjusted diluted earnings per share to both increase approximately flat to 4% compared to fiscal 2025.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC0% – 4%maintained0% – 4% vs FY2025
•Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC0% – 4%maintained0% – 4% vs FY2025
We expect our diluted earnings per share and adjusted diluted earnings per share to both increase approximately flat to 4% compared to fiscal 2025.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC0% – 4%maintained0% – 4% vs FY2025
•Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC0% – 4%maintained0% – 4% vs FY2025
We expect our diluted earnings per share and adjusted diluted earnings per share to both increase approximately flat to 4% compared to fiscal 2025.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC0% – 4%new0% – 4% vs FY2025
Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC33.1%maintained-22 bps vs FY2025
Our gross margin is expected to be approximately 33.1%.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC33.1%maintained-22 bps vs FY2025
•Gross margin of approximately 33.1%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC33.1%maintained-22 bps vs FY2025
Our gross margin is expected to be approximately 33.1%.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC33.1%maintained-22 bps vs FY2025
•Gross margin of approximately 33.1%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC33.1%maintained
Our gross margin is expected to be approximately 33.1%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC33.1%new
Gross margin of approximately 33.1%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
HDHOME DEPOT, INC.Q4 FY2026 · ends 2027-01-31
1 metric1 newearnings call · 2026-08-19 04:01:24 UTC
2026-08-19 04:01:24 UTCright around flat compared to last yearnew
I think what we would expect to see is that our gross margin rate, in the fourth quarter, will likely be right around flat compared to last year.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
HDHOME DEPOT, INC.FY2026 · ends 2027-01-31
9 metrics1 new8 maintainedearnings call · 2026-08-19 04:01:24 UTC
2026-08-19 04:01:24 UTC$2.3Bmaintained
We expect net interest expense of approximately $2.3 billion.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC$2.3Bmaintained
•Net interest expense of approximately $2.3 billion
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC$2.3Bmaintained
We expect net interest expense of approximately $2.3 billion.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC$2.3Bmaintained
•Net interest expense of approximately $2.3 billion
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC$2.3Bmaintained
We expect net interest expense of approximately $2.3 billion.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC$2.3Bnew
Net interest expense of approximately $2.3 billion
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC40 – 50maintained
We plan to open approximately 15 new stores and 40-50 new SRS branches.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-05-20 04:01:12 UTC40 – 50maintained
We plan to open approximately 15 new stores and 40 to 50 new SRS locations.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-02-25 05:01:29 UTC40 – 50new
We plan to open approximately 15 new stores and 40-50 new SRS locations.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-08-19 04:01:24 UTC15maintained
We plan to open approximately 15 new stores and 40-50 new SRS branches.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC15maintained
•Approximately 15 new stores
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC15maintained
We plan to open approximately 15 new stores and 40 to 50 new SRS locations.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC15maintained
•Approximately 15 new stores
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC15maintained
We plan to open approximately 15 new stores and 40-50 new SRS locations.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC15new
Approximately 15 new stores
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC12.8% – 13%maintained
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC12.8% – 13%maintained
•Adjusted(1) operating margin of approximately 12.8% to 13.0%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC12.8% – 13%maintained
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC12.8% – 13%maintained
•Adjusted(1) operating margin of approximately 12.8% to 13.0%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC12.8% – 13%maintained
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC12.8% – 13%new
Adjusted(1) operating margin of approximately 12.8% to 13.0%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC12.4% – 12.6%maintained-28 bps – -8 bps vs FY2025
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC12.4% – 12.6%maintained-28 bps – -8 bps vs FY2025
•Operating margin of approximately 12.4% to 12.6%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC12.4% – 12.6%maintained-28 bps – -8 bps vs FY2025
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC12.4% – 12.6%maintained-28 bps – -8 bps vs FY2025
•Operating margin of approximately 12.4% to 12.6%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC12.4% – 12.6%maintained
Further, we expect operating margin of approximately 12.4%-12.6% and adjusted operating margin of approximately 12.8%-13%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC12.4% – 12.6%new
Operating margin of approximately 12.4% to 12.6%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTCmid-single-digit percent organic sales growthmaintained4% – 6% vs FY2025
For the year, we expect SRS to deliver mid-single-digit percent organic sales growth.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-05-20 04:01:12 UTCmid-single-digit % organic sales growthmaintained4% – 6% vs FY2025
For the year, we expect SRS to deliver mid-single-digit % organic sales growth.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-02-25 05:01:29 UTCmid-single-digit % organic sales growthnew4% – 6% vs FY2025
For the year, we expect SRS to deliver mid-single-digit % organic sales growth.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-08-19 04:01:24 UTC0% – 2%maintained0% – 2% vs FY2025
We expect to continue to grow our market share and for our comp sales to range between flat to 2% growth, with total sales growth of between approximately 2.5% and 4.5%, reflecting the contribution of the GMS acquisition, new stores, new branches, and tuck-in acquisitions.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC0% – 2%maintained0% – 2% vs FY2025
•Comparable sales growth of approximately flat to 2.0%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC0% – 2%maintained0% – 2% vs FY2025
We expect to continue to grow our market share and for our comp sales to range between flat to 2% growth, with total sales growth of between approximately 2.5% and 4.5%, reflecting the contribution of the GMS acquisition, new stores, branches and tuck-in acquisitions.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC0% – 2%maintained0% – 2% vs FY2025
•Comparable sales growth of approximately flat to 2.0%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC0% – 2%maintained0% – 2% vs FY2025
Looking ahead to fiscal 2026, we expect total sales growth of approximately 2.5%-4.5%, comparable sales growth of approximately flat to 2%, and adjusted diluted earnings per share to grow approximately flat to 4%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC0% – 2%new0% – 2% vs FY2025
Comparable sales growth of approximately flat to 2.0%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-08-19 04:01:24 UTC2.5% – 4.5%maintained2.5% – 4.5% vs FY2025
We expect to continue to grow our market share and for our comp sales to range between flat to 2% growth, with total sales growth of between approximately 2.5% and 4.5%, reflecting the contribution of the GMS acquisition, new stores, new branches, and tuck-in acquisitions.
HD · transcript · Q2 FY2026
2026-08-19 04:00:00 UTCOpen source
2026-08-18 10:11:28 UTC2.5% – 4.5%maintained2.5% – 4.5% vs FY2025
•Total sales growth of approximately 2.5% to 4.5%
HD · EX-99.1 · Q2 FY2026
2026-08-18 10:10:33 UTCOpen source
2026-05-20 04:01:12 UTC2.5% – 4.5%maintained2.5% – 4.5% vs FY2025
We expect to continue to grow our market share and for our comp sales to range between flat to 2% growth, with total sales growth of between approximately 2.5% and 4.5%, reflecting the contribution of the GMS acquisition, new stores, branches and tuck-in acquisitions.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
2026-05-19 10:07:04 UTC2.5% – 4.5%maintained2.5% – 4.5% vs FY2025
•Total sales growth of approximately 2.5% to 4.5%
HD · EX-99.1 · Q1 FY2026
2026-05-19 10:06:14 UTCOpen source
2026-02-25 05:01:29 UTC2.5% – 4.5%maintained2.5% – 4.5% vs FY2025
Looking ahead to fiscal 2026, we expect total sales growth of approximately 2.5%-4.5%, comparable sales growth of approximately flat to 2%, and adjusted diluted earnings per share to grow approximately flat to 4%.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-24 11:08:04 UTC2.5% – 4.5%new2.5% – 4.5% vs FY2025
Total sales growth of approximately 2.5% to 4.5%
HD · EX-99.1 · Q4 FY2025
2026-02-24 11:07:18 UTCOpen source
2026-05-20 04:01:12 UTC$400Mnew
We would say this year we're looking at something like $400 million of cross-sell run rate.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
HDHOME DEPOT, INC.FY2027 · ends 2028-01-30
1 metric1 newearnings call · 2026-05-20 04:01:12 UTC
2026-05-20 04:01:12 UTCdouble that next yearnew
We would say this year we're looking at something like $400 million of cross-sell run rate. That will come over the course of the year. Most of those are guaranteed contracts, including commercial sales from The Home Depot relationships that SRS will now do roofing on a number of our warehouses, we would look to double that next year.
HD · transcript · Q1 FY2026
2026-05-20 04:00:00 UTCOpen source
HDHOME DEPOT, INC.Q1 FY2026 · ends 2026-05-03
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTCmid-single digit % negative in Q1new-6% – -4% vs Q1 FY2025
As a result of all this, our expectations are that our year-over-year EPS performance will be mid-single digit % negative in Q1, improving through the year.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.FY2026 · ends 2027-01-31
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTC-24 bpsnew-24 bps vs FY2025
Second, we expect gross margin to be down by about 24 basis points year-over-year, reflecting the annualization of GMS.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.H2 FY2026 · ends 2026-08-02
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTC-50 bpsnew-50 bps vs Q2 FY2025
This annualization means that we expect our first half gross margin to be down about 50 basis points versus last year, and our second half gross margin to be right around flat to last year.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.H4 FY2026 · ends 2027-01-31
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTCright around flat to last yearnew
This annualization means that we expect our first half gross margin to be down about 50 basis points versus last year, and our second half gross margin to be right around flat to last year.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.Q1 FY2026 · ends 2026-05-03
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTCat their highest level of the year in Q1new
The addition of that expense base, along with some other timing, means that we expect operating expense as a % of sales, to be at their highest level of the year in Q1.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.H4 FY2026 · ends 2027-01-31
1 metric1 newearnings call · 2026-02-25 05:01:29 UTC
2026-02-25 05:01:29 UTCslightly higher than our comps in the first halfnew
First, we expect our comps in the second half to be slightly higher than our comps in the first half this is a reflection of compares to 2025 storm activity in the absence thereof.
HD · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
HDHOME DEPOT, INC.FY2025 · ends 2026-02-01
14 metrics4 new10 maintainedearnings call · 2025-11-19 05:01:04 UTC
2025-11-19 05:01:04 UTC2.5%maintained
We plan to continue investing in our business with capital expenditures of approximately 2.5% of sales for fiscal 2025.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC2.5%new
•Capital expenditures of approximately 2.5% of total sales
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC24.5%maintained80 bps vs FY2024
Our effective tax rate is targeted at approximately 24.5%.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC24.5%new80 bps vs FY2024
•Tax rate of approximately 24.5%
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC-5%maintained-5% vs FY2024
We expect our adjusted diluted earnings per share to decline approximately 5% compared to fiscal 2024 when comparing the 52 weeks in fiscal 2025 to the 53 weeks in fiscal 2024.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC-5%new-5% vs FY2024
•Adjusted(1) diluted earnings-per-share to decline approximately 5.0% from $15.24 in fiscal 2024
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC-6%maintained-6% vs FY2024
We expect our diluted earnings per share to decline approximately 6% compared to fiscal 2024 when comparing the 52 weeks in fiscal 2025 to the 53 weeks in fiscal 2024.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC-6%new-6% vs FY2024
•Diluted earnings-per-share to decline approximately 6.0% from $14.91 in fiscal 2024
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC33.2%maintained-22 bps vs FY2024
Our gross margin is expected to be approximately 33.2%.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC33.2%new-22 bps vs FY2024
•Gross margin of approximately 33.2%
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC$2Bmaintained
For fiscal 2025, we expect total sales growth of approximately positive 3%, with GMS expected to contribute approximately $2 billion in incremental sales, and comp sales growth percent to be slightly positive compared to fiscal 2024.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC$2Bnew
◦GMS expected to contribute approximately $2.0 billion in incremental sales
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC$2.3Bmaintained
We expect net interest expense of approximately $2.3 billion.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC$2.3Bnew
•Net interest expense of approximately $2.3 billion
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC13%maintained
Further, we expect operating margin of approximately 12.6% and adjusted operating margin of approximately 13%.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC13%new
•Adjusted(1) operating margin of approximately 13.0%
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTC12.6%maintained-89 bps vs FY2024
Further, we expect operating margin of approximately 12.6% and adjusted operating margin of approximately 13%.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC12.6%new-89 bps vs FY2024
•Operating margin of approximately 12.6%
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-19 05:01:04 UTCslightly positivenew
For fiscal 2025, we expect total sales growth of approximately positive 3%, with GMS expected to contribute approximately $2 billion in incremental sales, and comp sales growth percent to be slightly positive compared to fiscal 2024.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-19 05:01:04 UTCgrow low single digitsnew1% – 3% vs FY2024
As our expectations have weakened slightly for them in the full year, rather than seeing them grow at mid-single digits, they are likely to grow low single digits.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-19 05:01:04 UTC3%maintained3% vs FY2024
For fiscal 2025, we expect total sales growth of approximately positive 3%, with GMS expected to contribute approximately $2 billion in incremental sales, and comp sales growth percent to be slightly positive compared to fiscal 2024.
HD · transcript · Q3 FY2025
2025-11-19 05:00:00 UTCOpen source
2025-11-18 11:06:08 UTC3%new3% vs FY2024
•Total sales growth of approximately 3.0%
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-18 11:06:08 UTCslightly positivenew
•Comparable sales growth to be slightly positive for the comparable 52-week period
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source
2025-11-18 11:06:08 UTC12new
◦Approximately 12 new stores
HD · EX-99.1 · Q3 FY2025
2025-11-18 11:05:10 UTCOpen source