Home Depot (HD) on Tuesday fourth-quarter results that 澳洲幸运5官方开奖结果体彩网:topped analysts' estimates, but the home-improvement giant's outlook was weaker than ex🐎pe🥀cted.
Home Depot posted adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.13 on revenue of $39.70 billion. Analysts polled by Visible Alpha had expected $3.03 and $39.12 billion, respectively.
The retailer expects total 🌌sales growth of about 2.8% in 2025, along with a 1% increase in comparable store sales. Analysts were expecting total sales growth🌞 of 3.27% and comparable sales to rise 1.88% this year.
Home Depot sees full-year adjusted EPS declining about 2% from $15.24 in 2024, while the analyst consensus was for a rise to $15.63.🐈 The retailer also lifted its quarterly dividend by 2.2% to $2.30 per share.
Home Depot shares were up about 2.5% shortly after m🅠arkets opened Tuesday. They entered the day up roughly 3% over the last 12 months.
Comp Store Sales Return to Growth
The retailer said its Q4 澳洲幸运5官方开奖结果体彩网:comparable store sales rose by 0.8% year-over-year, while analysts had forecast a 1.48% drop. Comp sales had declined in the previous eight quarters, and analysts had expected the metric to🥃 turn slightly positive in the first quarter of 2025.
Home Depot and 澳洲幸运5官方开奖结果体彩网:rival Lowe's (LOW) had said in recent quarters that 澳洲幸运5官方开奖结果体彩网:inflation and a post-pandemic slowdown in home-improvement projects had hurt sales. Lowe's is set to report fourth-quarter results on Wednesday.
UPDATE—This article has been updated with the latest share price information and dividend raise.