Dwelling Depot (HD) earnings Q2 2025

Dwelling Depot will report quarterly earnings earlier than the bell on Tuesday, because the retailer leans on roofers, landscapers and different house professionals to assist drive gross sales progress and climate tariff-related uncertainty.

This is what Wall Avenue expects for Dwelling Depot’s fiscal second quarter, in response to a survey of analysts by LSEG:

• Earnings per share: $4.71 anticipated 
• Income: $45.36 billion anticipated

For about two years, Dwelling Depot leaders have pointed to difficult dynamics which have slowed householders’ appetites for giant initiatives. Larger rates of interest have saved many customers from shopping for a brand new house or discouraged them from springing for a kitchen renovation, addition or related massive mission that requires a mortgage, CEO Ted Decker mentioned on a Could earnings name.

“Persons are portray once more and dealing of their yards and doing smaller initiatives, however simply haven’t engaged within the bigger initiatives,” he informed buyers on the time.

As the true property market stays sluggish and borrowing prices stay excessive, Dwelling Depot has seemed past the householders who come to its shops to purchase kitchen home equipment, cans of paint or different provides for do-it-yourself initiatives. Dwelling Depot acquired SRS Distribution, an organization that sells provides to roofing, landscaping and pool skilled, for $18.25 billion final yr. It introduced in June that it was shopping for GMS, a specialty constructing merchandise distributor, for about $4.3 billion.

Together with slower housing turnover, tariffs have added uncertainty to the outlook for retailers. Dwelling Depot mentioned in Could that it didn’t plan to hike costs throughout its retailer. It plans to “typically keep our present pricing ranges throughout our portfolio,” Chief Monetary Officer Richard McPhail informed CNBC in an interview on the time.

That bucked the pattern of different retailers, together with Walmart, whiched warned that tariff-related prices could be an excessive amount of to soak up and would result in larger costs for purchasers.

For the complete yr, Dwelling Depot mentioned it expects complete gross sales to develop by 2.8% and comparable gross sales, which take out the affect of one-time elements like retailer openings and calendar variations, to rise about 1%. Its forecast in Could was based mostly on the continuation of a U.S. settlement to quickly decrease tariff charges to 30% for imports from China and to 10% for a lot of different nations.

Since then, a number of the U.S.’s tariff insurance policies have modified. Larger tariffs started in early August on dozens of U.S. buying and selling companions. Different main agreements stay in flux. President Donald Trump delayed larger U.S. tariffs on Chinese language items for one more 90 days as negotiations proceed.

McPhail informed CNBC in Could that Dwelling Depot and its suppliers have labored to diversify their imports, in order that they draw from a greater variety of nations and reduce the share coming from China. By Could 2026, he mentioned, no nation exterior of the U.S. would signify greater than 10% of Dwelling Depot’s purchases.

This story is creating. Please test again for updates.