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Core Viewpoint - Home Depot reported a decline in third-quarter profit and has revised its full-year outlook downward due to a prolonged downturn in home improvement activity, which shows no signs of recovery [1] Company Summary - Home Depot's third-quarter profit has decreased, indicating challenges in the home improvement sector [1] - The company has lowered its full-year outlook, reflecting ongoing difficulties in the market [1] Industry Summary - The home improvement industry is experiencing an extended downturn, with little indication of improvement in activity levels [1]

Market Overview - The current market is experiencing a broad selloff, affecting stocks, cryptocurrencies, and precious metals, indicating a widespread decline across various asset classes [1][2]. - Cryptocurrencies have seen a cumulative loss of $1.2 trillion recently, with Bitcoin briefly dropping below $90,000, leading to further liquidations in Asian markets [2][4]. Stock Performance - The SPDR S&P 500 ETF (SPY) is undergoing its longest selloff since August, reflecting negative sentiment in the equity markets [4]. - Home Depot Inc. (HD) reported third-quarter earnings that missed expectations, with adjusted earnings per share at $3.74, falling short of the average estimate by $0.10. The company also revised its full-year forecast, projecting a 5% decline in EPS year-over-year, which is more than double the previous forecast of a 2% decline [6]. Key Company Focus - Nvidia Corp. (NVDA) is set to report earnings, with investors keenly watching for any signs of a slowdown in revenue or profit growth. The company has over $500 billion in chip orders for 2025 and 2026, which could influence market sentiment if positive [5].

Home Depot (HD) stock fell 4% early Tuesday after the home improvement retailer reported third quarter results that missed forecasts and lowered its full-year outlook as the US housing market remains sluggish. The company expects same-store sales for the full year to be "slightly positive," whereas it had previously expected a 1% increase for 2025. Full-year profits are also now expected to fall more sharply, with adjusted earnings per share forecast to drop by 5%, more than the 2% decline the company ex ...

Core Insights - Home Depot's stock experienced a decline following an earnings miss and a pessimistic outlook, primarily due to a lack of storms and ongoing weakness in the housing market impacting demand [1] Financial Performance - The company's earnings report indicated a shortfall compared to expectations, contributing to the stock drop [1] - The overall performance was negatively influenced by external factors such as weather conditions and market trends in housing [1] Market Conditions - The housing market continues to show signs of weakness, which has adversely affected consumer demand for Home Depot's products [1] - The absence of storms, which typically drive sales in home improvement sectors, further exacerbated the situation [1]

Home Depot cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases https://t.co/RPRc5tWhQy ...

Core Insights - Home Depot's third-quarter results were mixed, with a decline in earnings and a lowered fiscal 2025 adjusted earnings forecast, despite an increase in sales growth expectations [1][2] Financial Performance - For the three months ended Nov. 2, Home Depot reported earnings of $3.6 billion, or $3.62 per share, compared to $3.65 billion, or $3.67 per share a year earlier [1] - Adjusted earnings, excluding one-time charges, were $3.74 per share, falling short of Wall Street expectations by ten cents [2] - Revenue increased to $41.35 billion from $40.22 billion, surpassing Wall Street projections of $41.15 billion [3] Sales Metrics - Comparable store sales rose by 0.2%, with U.S. comparable store sales increasing by 0.1% [4] - Customer transactions decreased by 1.4%, while the average transaction amount increased to $90.39 from $88.65 in the previous year [4] Market Conditions - CEO Ted Decker attributed the earnings miss to fewer storms impacting sales and consumer uncertainty affecting home improvement demand [3] - External factors, such as increased consumer anxiety regarding the economy, were noted as significant contributors to the quarter's performance [5] Strategic Positioning - Analysts believe Home Depot is well-positioned to navigate current adverse market conditions due to its scale, operating strategy, and business mix [6]

Core Insights - Home Depot reported a decline in third-quarter profit and has revised its full-year outlook downward due to a prolonged downturn in home improvement activity [1] Company Summary - The company is experiencing a significant decrease in profitability, indicating challenges in the home improvement sector [1] - Home Depot's lowered full-year outlook suggests that the current market conditions are expected to persist, impacting future performance [1] Industry Summary - The home improvement industry is facing an extended downturn, with little indication of recovery in the near term [1]

Core Insights - Home Depot exceeded third-quarter sales expectations due to strong demand from professional builders and contractors, which compensated for a decline in do-it-yourself projects [1] Company Performance - The company reported robust sales driven by professional segments, indicating a shift in consumer behavior towards professional services [1] Market Trends - There is a noticeable slowdown in do-it-yourself projects, suggesting a potential shift in market dynamics and consumer preferences [1]

Core 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].