Home Depot (HD) Q4 FY25 earnings call

Earnings call· Feb 2025 (Q4 FY25)· Consumer Discretionary· Feb 25, 2025

Source: earnings call transcript

The Home Depot delivered better-than-expected Q4 results, driven by broad-based engagement and strong Pro performance, despite ongoing macroeconomic pressures on large remodeling projects. The company is confident in its strategic investments in interconnected retail, Pro ecosystem, and new stores, which are expected to drive continued growth and market share gains in a flat market, though FY25 EPS is projected to see a slight decline. Management highlighted the health of its core customer base and the long-term potential for home equity utilization.

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HD operating KPIs by quarter

HD operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Aug 2025 Q2 FY26	Nov 2025 Q3 FY26	May 2026 Q1 FY27	Jul 2026 Q2 FY27	Change vs prior quarter
Stores	2,353 During the second quarter, we opened 3 new stores, bringing our total store count to 2,353. Source: earnings call transcript	2,356 During the third quarter, we opened 3 new stores, bringing our total store count to 2,356. Source: earnings call transcript	2,361 During the first quarter, we opened 12 new stores, bringing our total store count to 2,361. Source: earnings call transcript	2,364 During the second quarter, we opened 3 new stores, bringing our total store count to 2,364. Source: earnings call transcript	+0.1%
New stores opened	3 During the second quarter, we opened 3 new stores, bringing our total store count to 2,353. Source: earnings call transcript	3 During the third quarter, we opened 3 new stores, bringing our total store count to 2,356. Source: earnings call transcript	2 We opened 2 new stores during the quarter, not 12, apologies for that. Source: earnings call transcript	3 During the second quarter, we opened 3 new stores, bringing our total store count to 2,364. Source: earnings call transcript	+50%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.