Home Depot Reports Q2 2027 Earnings with Strong Sales Growth
Home Depot (HD) reported second-quarter earnings that exceeded internal expectations, driven by strong demand for smaller home repair and maintenance projects. Net sales reached $47.9 billion, a 5.7% increase year-over-year, supported in part by the GMS acquisition. Comparable store sales grew by 1.7%, with positive performance across most merchandising departments. Despite macroeconomic headwinds affecting larger discretionary home improvement projects, online comp sales rose 11%, marking five consecutive quarters of double-digit growth for digital platforms. The company also reported an adjusted diluted EPS of $4.92, up 5.1% from the prior year. However, operating margin slightly declined to 14.3% due in part to rising logistical costs and inventory management challenges. Home Depot provided updated fiscal 2026 guidance with sales growth expected between 2.5% and 4.5%, while comp sales are projected to grow flat to 2%. The company plans continued investment into store expansion, supply chain improvements, and digital capabilities.
Tickers: $HD
Topics: financial_results gross_margin operating_margin sales_growth