Home Depot Beats Q2 Estimates With $47.9 Billion Revenue as Fed Keeps Rate Pressure Intact
Updated
Updated · Yahoo Finance · Aug 22
Home Depot Beats Q2 Estimates With $47.9 Billion Revenue as Fed Keeps Rate Pressure Intact
2 articles · Updated · Yahoo Finance · Aug 22
Summary
Home Depot posted fiscal second-quarter revenue of $47.9 billion and adjusted EPS of $4.92, both topping Wall Street estimates, and the stock rose after the release.
Same-store sales increased 1.7% — the fastest pace in nearly four years — but management left guidance unchanged, signaling limited confidence in a stronger near-term rebound.
High mortgage rates and weak housing turnover are still restraining renovation spending, while persistent inflation has kept the Federal Reserve from easing policy.
That macro backdrop matters more than Home Depot's 2.67% dividend yield and 17 straight years of payout increases, with analysts projecting fiscal 2028 revenue only 12.4% above 2025's $164.7 billion.