The Home Depot Reports Q3 FY2025 Results, Updates Full‑Year Guidance

The Home Depot, Inc. (Home Depot) announced third‑quarter fiscal 2025 net sales of US $41.4 billion, up US $1.1 billion or 2.8% year‑over‑year, including approximately US $900 million from the recently‑acquired GMS Inc. (GMS) which contributed about eight weeks of sales in the quarter. Comparable sales rose 0.2% overall and 0.1% in the U.S. market. Net earnings reached US $3.6 billion (US $3.62 per diluted share), roughly flat compared to the same quarter a year ago (US $3.6 billion; US $3.67 per diluted share). On an adjusted basis, diluted EPS was US $3.74, down from US $3.78 a year earlier. CEO Ted Decker attributed the performance to weaker‑than‑expected demand (especially in the absence of storm‑driven repairs) and continued housing market pressures and consumer uncertainty. Looking ahead, Home Depot updated its fiscal 2025 guidance (52‑week year) to reflect the acquisition of GMS and persistent headwinds: Total sales growth around 3.0%, with GMS contributing ~US $2.0 billion incremental sales. Comparable sales growth to be slightly positive over the full 52‑week period. Gross margin of approximately 33.2%; operating margin approx. 12.6%; adjusted operating margin around 13.0%. Effective tax rate near 24.5%, net interest expense about US $2.3 billion. Diluted EPS expected to decline ~6 % from US $14.91 last year; adjusted diluted EPS expected to decline ~5 % from US $15.24. Capital expenditures planned at approximately 2.5% of total sales; around 12 new stores slated to open in FY2025. At quarter‑end, Home Depot operated 2,356 retail stores and over 1,200 Service & Rental Solutions (SRS) locations across the U.S., Canada and Mexico, employing more than 470,000 associates. #HomeDepot #RetailEarnings #HomeImprovement #Fiscal2025Guidance #SlimScan #GrowthStocks #CANSLIM