The earnings call presented a mix of positive and negative outcomes. While there were notable achievements such as increased sales and successful acquisition of GMS, challenges like earnings per share decline and impact from lack of storms were also highlighted. The overall sentiment is balanced with a slight leaning towards concerns about future market conditions.

Company Guidance

During the Home Depot third quarter 2025 earnings call, the company reported sales of $41.4 billion, up 2.8% from the prior year, with U.S. comp sales increasing by 0.1%. Adjusted diluted earnings per share were $3.74, slightly down from $3.78 last year. The company revised its fiscal 2025 guidance, now expecting total sales growth of approximately 3%, with GMS contributing about $2 billion. The gross margin is projected to be around 33.2%, and the adjusted operating margin approximately 13%. Despite consumer uncertainty affecting home improvement demand, Home Depot is focused on growing market share and enhancing its Pro ecosystem. The company also highlighted the acquisition of GMS, which is expected to bolster its position in the building materials distribution sector. Home Depot's strategic initiatives aim to improve customer satisfaction and operational efficiency, with investments in faster fulfillment and innovative tools for professional customers.

Increased Sales and Positive Comps

Sales for the third quarter were $41.4 billion, up 2.8% from the same period last year. Comp sales increased 0.2% from the same period last year, and comps in the U.S. increased 0.1%.

Successful Acquisition of GMS

SRS completed the acquisition of GMS, enhancing its position as a leading multi-category building materials distributor. This is expected to bring differentiated capabilities and customer relationships.

Enhanced Customer Satisfaction

Customer satisfaction scores increased by over 400 basis points, driven by initiatives such as improved freight processes and faster fulfillment efforts.

Digital Sales Growth

Online comp sales increased approximately 11% compared to the third quarter of last year, driven by successful interconnected platforms and faster delivery speeds.

Positive Performance in Key Categories

Nine of the 16 merchandising departments posted positive comps, including kitchen, bath, outdoor garden, and appliances. Big ticket comp transactions over $1,000 were positive 2.3%.

Home Depot (HD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 24, 2026	2025 (Q4)	2.59 / -	3.13	―	―	―
Nov 18, 2025	2025 (Q3)	3.83 / 3.74	3.78	-1.06% (-0.04)	―
Aug 19, 2025	2025 (Q2)	4.72 / 4.68	4.67	0.21% (<+0.01)	―
May 20, 2025	2025 (Q1)	3.60 / 3.56	3.63	-1.93% (-0.07)	―
Feb 25, 2025	2024 (Q4)	3.04 / 3.13	2.82	10.99% (+0.31)	―
Nov 12, 2024	2024 (Q3)	3.65 / 3.78	3.81	-0.79% (-0.03)	―
Aug 13, 2024	2024 (Q2)	4.53 / 4.67	4.65	0.43% (+0.02)	―
May 14, 2024	2024 (Q1)	3.60 / 3.63	3.82	-4.97% (-0.19)	―
Feb 20, 2024	2023 (Q4)	2.77 / 2.82	3.3	-14.55% (-0.48)	―
Nov 14, 2023	2023 (Q3)	3.75 / 3.81	4.24	-10.14% (-0.43)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 18, 2025	$358.03	$336.48	-6.02%
Aug 19, 2025	$392.47	$404.90	+3.17%
May 20, 2025	$374.91	$372.61	-0.61%
Feb 25, 2025	$375.53	$386.20	+2.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.