Home Depot rises on quarterly sales beat

The Home Depot

18/08/2026 15:51

Updates
** Shares of home improvement retailer Home Depot HD.N  up as much as 1% at $341.5
** Co beat estimates for second-quarter sales and profit as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects
** Posts Q2 net sales of $47.86 billion vs analysts' estimate of $47.27 billion - data compiled by LSEG 
** Q2 adjusted EPS came in at $4.92 vs estimate of $4.73
** Co maintained its annual total sales growth of 2.5% to 4.5% and adjusted EPS to grow about flat to 4% 
** "Believes HD's Q2 results provide growing evidence that its investments in the business are driving engagement despite a challenging backdrop" - UBS 
** "Home Depot is taking share and executing well in a difficult environment. The company should benefit as the housing market recovers, although the recovery still appears some time away"- Telsey Advisory Group
** As of last close, stock down ~2% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))