Home Depot down after annual profit target cut

Lowes Companies

18/11/2025 11:50

** Shares of home improvement company Home Depot HD.N down 2.2% at $350.05 premarket

** HD now expects annual adjusted profit per share to fall about 5%, bigger than a 2% drop expected earlier

** Also misses Q3 profit estimates, hurt by a slowdown in do-it-yourself projects as consumers lower big-ticket spending

** Posts Q3 adjusted EPS of $3.74 vs estimate of $3.84 - data compiled by LSEG

** Consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand - HD CEO Ted Decker in a statement

** Co forecasts comparable sales growth to be slightly positive compared with earlier expected growth of about 1%

** However, reports Q3 net sales of $41.35 billion, beating analysts' estimate of $41.10 billion

** Shares of rival Lowe's LOW.N down 1%

** As of last close, HD down ~8%, YTD

 (Reporting by Koyena Das and Juveria Tabassum)

 ((koyena.das@thomsonreuters.com))