HD Home Depot (HD) Q3 FY25 earnings call
The Home Depot's Q3 FY25 results were below expectations, primarily due to a lack of storm activity and ongoing consumer uncertainty impacting home improvement demand. Despite these headwinds, the company saw positive online sales growth and big-ticket transaction strength, while revising down its full-year FY25 guidance for sales, operating margin, and EPS. Management remains focused on market share gains through its Pro ecosystem and supply chain investments.
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HD operating KPIs by quarter
| KPI | Aug 2025 Q2 FY26 | This call Nov 2025 Q3 FY26 | May 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|
| Stores | 2,353During the second quarter, we opened 3 new stores, bringing our total store count to 2,353.Source: earnings call transcript | 2,356During the third quarter, we opened 3 new stores, bringing our total store count to 2,356.Source: earnings call transcript | 2,361During the first quarter, we opened 12 new stores, bringing our total store count to 2,361.Source: earnings call transcript | 2,364During 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 | 3During the second quarter, we opened 3 new stores, bringing our total store count to 2,353.Source: earnings call transcript | 3During the third quarter, we opened 3 new stores, bringing our total store count to 2,356.Source: earnings call transcript | 2We opened 2 new stores during the quarter, not 12, apologies for that.Source: earnings call transcript | 3During 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.