Home Depot falls after annual profit target cut

Lowes Companies

18/11/2025 15:03

Updates

** Shares of home improvement company Home Depot HD.N down 3.5% at $345.92, lowest since July

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

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

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

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

** "This print will feed the narrative that the economic backdrop has slowed," RBC analyst Steven Shemesh writes in note

** Co forecasts annual 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 estimates 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))