Home Depot Sales Beat Expectations Amid Weak Housing Market

Home Depot reported quarterly sales of $47.86 billion for the period ended August 2, exceeding analyst expectations.

The retailer's demand for smaller home repair and maintenance projects remains resilient due to high interest rates keeping homeowners focused on maintaining existing properties rather than moving.

Despite a weak U.S. housing market, Home Depot maintains its full-year sales and profit outlook, projecting annual comparable sales of about flat to up 2% and adjusted earnings per share of about flat to up 4%.

The company expects tariff refunds to offset some higher fuel and input costs.