Prnewswire·2025-11-18 11:00Core Insights - The Home Depot reported third-quarter sales of $41.4 billion for fiscal 2025, marking a 2.8% increase from the same period in fiscal 2024, with approximately $900 million attributed to the acquisition of GMS Inc. [1][2] - Net earnings for the quarter were $3.6 billion, or $3.62 per diluted share, a slight decrease from $3.67 per diluted share in the previous year [2][12]. - The company updated its fiscal 2025 guidance due to pressures from a lack of storm activity and ongoing consumer uncertainty affecting home improvement demand [3][8]. Financial Performance - Total sales for the third quarter increased by $1.1 billion, with comparable sales rising by 0.2% [1][12]. - Adjusted diluted earnings per share were $3.74, down from $3.78 in the same quarter of fiscal 2024 [2][20]. - Operating income for the quarter was $5.35 billion, reflecting a 1.2% decrease compared to the previous year [12][18]. Market Conditions - The CEO noted that the results fell short of expectations primarily due to the absence of storms, which typically drive demand in certain categories [3][8]. - Consumer uncertainty and pressures in the housing market are believed to be disproportionately impacting home improvement demand [3][8]. Store Operations - As of the end of the third quarter, The Home Depot operated 2,356 retail stores and over 1,200 SRS locations across various regions [5][12]. - The company employs over 470,000 associates [5]. Future Guidance - The company anticipates total sales growth of approximately 3.0% for fiscal 2025, with GMS expected to contribute around $2.0 billion in incremental sales [8][21]. - The guidance includes expectations for approximately 12 new store openings and a gross margin of about 33.2% [8][21].