Home Depot reported second-quarter sales of $47.9 billion. Revenue increased 5.7% from the prior year. Adjusted earnings per share reached $4.92. These results surpassed analyst revenue expectations of $47.23 billion. Reported earnings also beat the projected $4.71 per share.
High interest rates discouraged homeowners from moving, driving demand for small-scale repairs. Global comparable sales rose 1.7%. U.S. comparable sales increased 1.3%.
The company reaffirmed its full-year guidance for fiscal 2026. Home Depot stock rose approximately 1% in pre-market trading following the announcement.