Home Depot Stock Stabilizes on Mid-Single-Digit Sales Growth and Earnings Beat

Home Depot's stock stabilized after its fiscal second quarter results showed mid-single-digit sales growth and an earnings beat.

The company reported $47.86 billion in sales, a 5.7% increase from the same period last year.

This was the strongest comparable sales growth since 2022, indicating that demand for home improvement products has recovered.

Adjusted earnings per share came in at $4.92, exceeding expectations and marking a clear year-over-year increase.

The return on equity stood at 106.42%, while the net margin was 8.41%.