HD Stock Recent News

Michael Baker, D.A. Davidson senior research analyst, joins CNBC's 'Squawk on the Street' to discuss reactions to Home Depot's affirmation of FY25 guidance.

The Home Depot, Inc. (NYSE:HD ) Q1 2025 Earnings Conference Call May 20, 2025 9:00 AM ET Company Participants Isabel Janci - VP of IR and Treasurer Ted Decker - Chair, President & CEO Ann-Marie Campbell - SEVP Billy Bastek - EVP of Merchandising Richard McPhail - EVP & CFO Conference Call Participants Christopher Horvers - JPMorgan Simeon Gutman - Morgan Stanley Michael Lasser - UBS Scot Ciccarelli - Truist Zhihan Ma - Bernstein Zach Fadem - Wells Fargo Seth Sigman - Barclays Chuck Grom - Gordon Haskett Steven Zaccone - Citi Operator Greetings and welcome to the Home Depot First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen only mode.

Home Depot Inc (NYSE:HD, ETR:HDI) shares edged higher as the home retailer reported mixed earnings for the first quarter but reaffirmed its full-year forecast amid tariff-related uncertainty. Revenue increased 9.4% year-over-year to $39.9 billion, ahead of Wall Street estimates of $39.3 billion.

The headline numbers for Home Depot (HD) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

President Trump has escalated his public feud with major retailers like Walmart and Mattel for warning consumers of potential price hikes.

Home Depot Inc (NYSE:HD) stock is in focus this morning, after the home improvement giant made headlines by stating it will not raise prices in response to new tariffs -- a direct contrast to Walmart (WMT) , which recently warned of higher consumer prices.

Even though Home Depot (HD) posted a slight miss on earnings, the company maintained its guidance and expects to hold current prices despite tariff pressure. Jenny Horne turns to points of strength she sees in the report and the "reliability" it has in volatile times.

Home Depot's revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects.A number of U.S. companies have lowered or pulled financial guidance for investors as tariffs launched by the the Trump administration scramble world trade but on Tuesday, Home Depot stuck by earlier projections of sales growth at around 2.8%.Shares of the Atlanta company rose more than 3% before the opening bell on Tuesday.Revenue rose to $39.86 billion from $36.42 billion a year earlier, beating the $39.3 billion that analysts polled by FactSet expected.Sales at stores open at least a year, a key gauge of a retailer's health, edged down 0.3%. In the U.S., comparable store sales climbed 0.2%.Wall Street anticipated a 0.1% decline in same-store sales.Customer transactions rose 2.1% in the quarter.

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Tuesday.

Home Depot, whose first-quarter earnings fell just below analyst expectations despite beating revenue projections, according to FactSet, reported the company will hold onto its forecast for full-year sales. Chief Financial Officer Richard McPhail told CNBC that, “because of our scale” and Home Depot's “great partnerships” with suppliers, the company plans to “generally maintain our current pricing levels across our portfolio.