News Brief: Home Depot Q3 Earnings
Summary
Home Depot reported its third consecutive quarterly earnings miss and lowered its full-year profit outlook, citing weaker-than-expected home improvement demand due to slow consumer spending, a softer housing market, and lower storm-related activity.
Key Points
- Earnings Miss: Adjusted EPS of $3.74 vs. $3.84 expected. Revenue of $41.35B vs. $41.10B expected.
- Revised Outlook: Full-year adjusted EPS now expected to decline ~5% (vs. prior ~2% decline forecast). Full-year sales growth outlook raised to ~3%.
- Challenging Environment: “Deferral mindset” among homeowners, high mortgage rates, and fewer hurricanes have reduced demand for large projects.
- Sales Trend: Comparable sales rose only 0.2% (below the 1.4% estimate), with a slowdown as the quarter progressed.
- Stock Impact: Shares fell ~3% on the news and are down ~8% year-to-date.
- Online Growth: A bright spot, with online sales up 11% year-over-year.
- Pro Focus: The company is acquiring professional supply firms (SRS Distribution, GMS) to drive future growth.
新闻简报：家得宝第三季度财报
总结
家得宝第三季度盈利未达预期，这是其连续第三个季度未达标，同时下调了全年利润预期。原因包括消费者支出疲软、房地产市场疲软以及风暴相关活动减少，导致家装需求低于预期。
关键点
- 盈利未达预期：调整后每股收益为3.74美元，低于预期的3.84美元。营收为413.5亿美元，略高于预期的411亿美元。
- 下调展望：现在预计全年调整后每股收益将下降约5%（此前预计下降约2%）。全年销售增长预期上调至约3%。
- 挑战性环境：房主的”推迟心态”、高抵押贷款利率以及飓风较少，减少了大额项目需求。
- 销售趋势：同店销售额仅增长0.2%（低于1.4%的预期），且季度内增长势头放缓。
- 股价影响：消息公布后股价下跌约3%，今年迄今下跌约8%。
- 在线增长：一个亮点是在线销售额同比增长11%。
- 关注专业客户：公司正在收购专业供应公司（SRS Distribution, GMS）以推动未来增长。
Original Article Link: https://www.cnbc.com/2025/11/18/home-depot-hd-q3-2025-earnings-.html