Overview
- Adjusted EPS reached $2.72 on revenue of $38.20 billion, edging past forecasts as total sales fell year over year in part due to one fewer week in the fiscal quarter.
- Comparable sales rose 0.4% overall and 0.3% in the U.S., with transactions down 1.6% and average ticket up 2.4%, reflecting fewer visits but slightly larger baskets.
- Full-year guidance was reaffirmed for total sales growth of about 2.5%–4.5%, comparable sales roughly flat to up 2%, and adjusted EPS roughly flat to up 4%.
- Executives described a prolonged “frozen” housing environment and said Pro demand outpaced DIY, supported by the SRS Distribution (~$18.25 billion) and GMS (~$4.3 billion) acquisitions.
- The quarterly dividend was raised 1.3% to $2.33 per share, and the company said it is still evaluating the effects of the Supreme Court tariff ruling and newly proposed global tariffs.