Home Depot(US:HD)2025-11-18 11:05Financial Performance - The Home Depot reported third quarter fiscal 2025 sales of $41.4 billion, an increase of $1.1 billion or 2.8% from the same period in fiscal 2024[1]. - Net earnings for the third quarter were $3.6 billion, or $3.62 per diluted share, compared to $3.6 billion, or $3.67 per diluted share in the same period of fiscal 2024[1][2]. - Adjusted diluted earnings per share for the third quarter were $3.74, down from $3.78 in the same period of fiscal 2024[2]. - Operating margin for the third quarter was approximately 12.6%, with an adjusted operating margin of approximately 13.0%[6]. - The diluted earnings per share are expected to decline approximately 6.0% from $14.91 in fiscal 2024[6]. - Net earnings for the nine months ended November 2, 2025, were $11,585 million, slightly down from $11,809 million in the same period of 2024, a decrease of 1.9%[16]. - The company reported a diluted earnings per share (GAAP) of $3.62 for the three months ended November 2, 2025, down 1.4% from $3.67 in the same period of 2024[24]. Sales and Growth Projections - The company updated its fiscal 2025 guidance to reflect total sales growth of approximately 3.0%, with GMS expected to contribute approximately $2.0 billion in incremental sales[3]. - Comparable sales growth is projected to be slightly positive for the comparable 52-week period[3]. - Customer transactions decreased by 1.4% to 393.5 million in the third quarter compared to 399.0 million in the same period of fiscal 2024[12]. Store Operations - The company plans to open approximately 12 new stores in fiscal 2025[3]. - The company operated a total of 2,356 retail stores and over 1,200 SRS locations at the end of the third quarter[5]. Assets and Liabilities - Total assets increased to $106,274 million in November 2025, up from $97,264 million in October 2024, representing a growth of 9.3%[14]. - Total current liabilities rose to $34,367 million in November 2025, compared to $29,092 million in October 2024, marking an increase of 18.4%[14]. Cash Flow and Investments - Cash and cash equivalents at the end of the period were $1,684 million, an increase from $1,531 million at the end of October 2024[16]. - Capital expenditures for the nine months ended November 2, 2025, were $2,621 million, compared to $2,384 million in the same period of 2024, reflecting an increase of 9.9%[16]. - The net cash used in investing activities for the nine months ended November 2, 2025, was $7,765 million, significantly lower than $19,912 million in the same period of 2024[16]. Stockholders' Equity - The company reported a total stockholders' equity of $12,116 million in November 2025, a substantial increase from $5,786 million in October 2024[14].