The earnings call presented a mixed picture. While there were significant achievements such as strong sales growth, particularly in the U.S. and online, and successful strategic initiatives like sourcing diversification and exclusive agreements, there were notable challenges. These included a slight decline in comp sales, decreased earnings per share, increased operating expenses, and ongoing pressure on larger remodeling projects. The sentiment from the call balances between positive momentum in operational strategies and negative financial trends.

Company Guidance -

Q2 2025

In the Home Depot First Quarter 2025 Earnings Conference Call, the company provided financial guidance and key metrics. Sales for Q1 were $39.9 billion, reflecting a 9.4% increase compared to the previous year. Despite a slight decline in comparable sales by 0.3%, U.S. sales showed a positive trend with a 0.2% increase. Adjusted diluted earnings per share stood at $3.56, a slight decrease from $3.67 in the same quarter last year. The company's gross margin was reported at 33.8%, with an operating margin of 12.9%. Home Depot reaffirmed its fiscal 2025 guidance, projecting total sales growth of 2.8% and comp sales growth of approximately 1%. The company also anticipates an effective tax rate of around 24.5% and plans capital expenditures of about 2.5% of sales for the fiscal year.

Sales Increase

Sales for the first quarter were $39.9 billion, up 9.4% from the same period last year.

Positive U.S. Comp Sales

U.S. comp sales increased by 0.2%.

Strong Online Sales Growth

Online comp sales increased approximately 8% compared to the first quarter of last year.

Pro Segment Outperformance

Pro comp sales were positive and outpaced the DIY customer, with strength across Pro-heavy categories like gypsum, decking, concrete, and siding.

Sourcing Strategy Diversification

More than 50% of purchases are sourced in the United States, and no single country outside of the U.S. will represent more than 10% of purchases within 12 months.

Exclusive Agreement with BEHR

Home Depot will exclusively offer KILZ branded primer products, deepening their relationship with Pro customers.

Spring Event Success

Strong performance in Spring Black Friday and Spring Gift Center events, notably in categories like appliances, power tools, grills, and paint.

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
Aug 19, 2025	2025 (Q2)	4.73 / -	4.67	―	―	―
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)	―
Aug 15, 2023	2023 (Q2)	4.45 / 4.65	5.05	-7.92% (-0.40)	―
May 16, 2023	2023 (Q1)	3.80 / 3.82	4.09	-6.60% (-0.27)	―

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
May 20, 2025	$377.04	$374.72	-0.62%
Feb 25, 2025	$377.66	$388.40	+2.84%
Nov 12, 2024	$401.10	$395.98	-1.28%
Aug 13, 2024	$337.67	$341.83	+1.23%

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.