Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations.
Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but fell short of the $45.41 billion that analysts polled by FactSet were looking for.
Sales at stores open at least a year, a key indicator of a retailer’s health, rose 1%. In the U.S., comparable store sales increased 1.4%.
Home Depot’s stock surged more than 4% in Tuesday morning trading.
Neil Saunders, managing director of GlobalData, said that Home Depot saw consumers concentrating on smaller projects and gardening during the quarter.
“As the largest improvement player, Home Depot is getting the lion’s share of this growth and remains the number one destination for consumers due to strong customer service, a comprehensive range, and sharp pricing,” he said. “The latter factor will serve it well as consumers become more price conscious.”
Customer transactions declined less than 1% in the quarter. The amount shoppers spent rose to $90.01 per average receipt from $88.90 in the prior-year period.
“Our second quarter results were in line with our expectations,” Chair and CEO Ted Decker said in a statement. “The momentum that began in the back half of last year continued throughout the first half as customers engaged more broadly in smaller home improvement projects.”
Home improvement retailers like Home Depot have been dealing with homeowners putting off bigger projects because of increased borrowing costs and lingering concerns about inflation.
The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows.
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Sales of previously occupied homes have slumped as elevated mortgage rates and rising prices discourage home shoppers.
Sales of such homes in the U.S. slid in June to the slowest pace since last September as mortgage rates remained high and the national median sales price climbed to an all-time high of $435,300.
Home sales fell last year to their lowest level in nearly 30 years.
Home Depot earned $4.55 billion, or $4.58 per share, for the second quarter. A year ago, the Atlanta-based company earned $4.56 billion, or $4.60 per share.
Removing certain items, earnings were $4.68 per share. Wall Street was looking for earnings of $4.72 per share.
The company reaffirmed its fiscal 2025 forecast for total sales growth of about 2.8%. It still expects adjusted earnings to decline about 2% from $15.24 per share a year earlier.
TALLAHASSEE, Fla. — The Republican Party of Florida on Saturday removed a line of deportation-themed shirts, hats and other tchotchkes for sale on its website that mimicked The Home Depot’s logo.
The party’s line of “The Deport Depot” merch was themed on the new immigrant detention center Gov. Ron DeSantis unveiled this week that he called “Deportation Depot.”
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But the items bore a logo with the same recognizable orange box and stenciled font as the one belonging to The Home Depot.
Home Depot spokesperson Beth Marlowe said late Friday that the company had not approved the party to use its branding or logo.
“We have reached out to the RPOF to try to resolve this issue,” she said in an email.
As of Saturday afternoon, the items were still for sale, ranging from $15 to $28. Sales count as political contributions to the Republican Party of Florida. The merch, along with a post on X about it, were removed a few hours later, after this story published.
Party chairperson Evan Power didn’t respond to requests for comment on Saturday. On Friday, before The Home Depot weighed in, he said that the party clears its merchandise through lawyers before selling it.
Power said he was confident that “The Deport Depot” was protected by prior case law, in which “no reasonable person would think it’s the logo of a company.”
“It’s proving a point by highlighting a recognizable symbol,” Power said of the party’s logo.
“The Deport Depot” was the party’s most recent attempt to fundraise off of the state’s immigration efforts. When DeSantis unveiled the “Alligator Alcatraz” detention center in the Everglades, the party and state Attorney General James Uthmeier released a corresponding line of shirts, buttons, hats and drink insulators.
Companies have taken aggressive approaches to protecting their logos, but The Home Depot could be more sensitive than most.
The company’s home improvement stores have become ground zero for President Donald Trump’s aggressive deportation efforts, with Immigration and Customs Enforcement agents targeting the day laborers who gather there seeking work.
Raids outside Home Depot stores have been particularly acute in California. The June protests in a neighborhood of Los Angeles were sparked in part by reports of immigration agents chasing people outside a store. On Thursday, a man was struck and killed by a vehicle while fleeing immigration agents at a Home Depot in Southern California.
The company has been criticized on all sides for largely staying out of the issue.
“We aren’t notified that ICE activities are going to happen, and we aren’t involved in them,” Marlowe said.
TALLAHASSEE, Fla. — The Republican Party of Florida on Saturday removed a line of deportation-themed shirts, hats and other tchotchkes for sale on its website that mimicked The Home Depot’s logo.
The party’s line of “The Deport Depot” merch was themed on the new immigrant detention center Gov. Ron DeSantis unveiled this week that he called “Deportation Depot.”
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But the items bore a logo with the same recognizable orange box and stenciled font as the one belonging to The Home Depot.
Home Depot spokesperson Beth Marlowe said late Friday that the company had not approved the party to use its branding or logo.
“We have reached out to the RPOF to try to resolve this issue,” she said in an email.
As of Saturday afternoon, the items were still for sale, ranging from $15 to $28. Sales count as political contributions to the Republican Party of Florida. The merch, along with a post on X about it, were removed a few hours later, after this story published.
Party chairperson Evan Power didn’t respond to requests for comment on Saturday. On Friday, before The Home Depot weighed in, he said that the party clears its merchandise through lawyers before selling it.
Power said he was confident that “The Deport Depot” was protected by prior case law, in which “no reasonable person would think it’s the logo of a company.”
“It’s proving a point by highlighting a recognizable symbol,” Power said of the party’s logo.
“The Deport Depot” was the party’s most recent attempt to fundraise off of the state’s immigration efforts. When DeSantis unveiled the “Alligator Alcatraz” detention center in the Everglades, the party and state Attorney General James Uthmeier released a corresponding line of shirts, buttons, hats and drink insulators.
Companies have taken aggressive approaches to protecting their logos, but The Home Depot could be more sensitive than most.
The company’s home improvement stores have become ground zero for President Donald Trump’s aggressive deportation efforts, with Immigration and Customs Enforcement agents targeting the day laborers who gather there seeking work.
Raids outside Home Depot stores have been particularly acute in California. The June protests in a neighborhood of Los Angeles were sparked in part by reports of immigration agents chasing people outside a store. On Thursday, a man was struck and killed by a vehicle while fleeing immigration agents at a Home Depot in Southern California.
The company has been criticized on all sides for largely staying out of the issue.
“We aren’t notified that ICE activities are going to happen, and we aren’t involved in them,” Marlowe said.
JERUSALEM (AP) — A key mediator on Tuesday stressed the urgency of brokering a ceasefire in Gaza after Hamas showed a “positive response” to a proposal, but Israel has yet to weigh in as its military prepares an offensive on some of the territory’s most populated areas.
Hamas has been designated as a terrorist organization by the United States, Canada and the European Union.
The prospect of an expanded assault on areas sheltering hundreds of thousands of civilians has sparked condemnation inside Israel and abroad. Most war-weary Palestinians see no place in Gaza as safe, not even declared humanitarian zones, after 22 months of war.
Many Israelis, who rallied in the hundreds of thousands on Sunday, fear the offensive will further endanger the remaining hostages in Gaza. Just 20 of the 50 remaining are thought to be alive.
“If this (ceasefire) proposal fails, the crisis will exacerbate,” Majed al-Ansari, a spokesperson for Qatar’s foreign ministry, told journalists, adding they have yet to hear from Israel on it.
Demonstrators block a road during a protest demanding the immediate release of hostages held by Hamas and calling for the Israeli government to reverse its decision to take over Gaza City and other areas in the Gaza Strip, in Tel Aviv, Israel, Tuesday, Aug. 19, 2025. (AP Photo/Ohad Zwigenberg)
Atef Arhouma feeds his injured son, Karam Arhouma, 22, lentil soup through a syringe at Shifa Hospital, where doctors say he is showing signs of malnutrition, in Gaza City, Monday, Aug. 18, 2025. (AP Photo/Abdel Kareem Hana)
Parachutes drop supplies into Deir al-Balah, central Gaza Strip, Tuesday, Aug. 19, 2025. (AP Photo/Abdel Kareem Hana)
Palestinians rush to collect humanitarian aid packages from the United Arab Emirates, airdropped by parachutes into Deir al-Balah, in the central Gaza Strip, Tuesday, Aug. 19, 2025. (AP Photo/Abdel Kareem Hana)
A Palestinian youth carries clothes as he walks over the rubble of a house demolished by the Israeli army in the West Bank village of Beit Sira, near Ramallah, Tuesday, Aug. 19, 2025. (AP Photo/Mahmoud Illean)
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Demonstrators block a road during a protest demanding the immediate release of hostages held by Hamas and calling for the Israeli government to reverse its decision to take over Gaza City and other areas in the Gaza Strip, in Tel Aviv, Israel, Tuesday, Aug. 19, 2025. (AP Photo/Ohad Zwigenberg)
Al-Ansari said Hamas had agreed to terms under discussion. He declined to provide details but said the proposal was “almost identical” to one previously advanced by U.S. envoy Steve Witkoff.
That U.S. proposal was for a 60-day ceasefire, during which some of the remaining hostages would be released and the sides would negotiate a lasting ceasefire and the return of the rest.
“If we get to a deal, it shouldn’t be expected that it would be instantaneously implemented,” al-Ansari said. “We’re not there yet.”
That cautious assessment came a day after the foreign minister of Egypt, the other Arab country mediating the talks, said they were were pushing for a phased deal and noted that Qatar’s prime minister had joined negotiations between Hamas leaders and Arab mediators.
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Witkoff has been invited to rejoin the talks, Egyptian Foreign Minister Badr Abdelatty told The Associated Press. Witkoff pulled out of negotiations less than a month ago, accusing Hamas of not acting in good faith.
It was not clear how Witkoff has responded to the invitation.
Abdelatty held a series of phone calls Tuesday with foreign ministers from the United Kingdom, Turkey and the European Union seeking to put pressure on Israel to accept the ceasefire proposal.
“The ball is now in Israel’s court,” Abdelattay said in a statement.
A senior Israeli official said Tuesday that the country’s position on a ceasefire “is consistent and has not changed.”
“Israel demands the release of all 50 hostages in accordance with the guidelines set by the Cabinet to end the war,” said the official, who spoke on condition of anonymity because they were not authorized to speak with the media.
Prime Minister Benjamin Netanyahu has said a final push is needed to “complete the defeat of Hamas.” He has vowed to continue the war until all the hostages are returned and Hamas has been disarmed.
28 Palestinians killed in Gaza
Hospitals in Gaza said they had received the bodies of 28 Palestinians killed Tuesday, including women and children, as Israeli strikes continued across the territory. Among them were nine people killed while seeking aid, officials at two hospitals told The Associated Press.
The deaths were recorded across Gaza, including in central Deir al-Balah, southern Khan Younis and near aid distribution points, hospital officials said.
The Gaza Humanitarian Foundation, an Israeli-backed private American contractor that has become the primary distributor of aid in Gaza since May, operates those sites. A GHF spokesperson said there were no incidents Tuesday related to its Netzarim corridor site. A hospital reported two deaths nearby.
Nasser Hospital also said an airstrike killed a mother, father and three children in their tent overnight in Muwasi, a camp for hundreds of thousands of civilians.
“An entire family was gone in an instant. What was their fault?” the children’s grandfather, Majed al-Mashwakhi, said, sobbing.
Israel’s military did not immediately respond to questions about the casualties reported by Nasser, Awda and al-Aqsa hospitals.
The Palestinian death toll in the war surpassed 62,000 on Monday, according to Gaza’s Health Ministry, which is part of the Hamas-run government and staffed by medical professionals. The ministry does not say how many of the dead were civilians or combatants, but says women and children make up around half of them.
In addition to that toll, other Palestinians have died from malnutrition and starvation, including three reported in the past 24 hours, the ministry said Tuesday. It says 154 adults have died of malnutrition-related causes since late June, when it began counting such deaths, and 112 children have died of malnutrition-related causes since the war began with the Hamas-led attack on Israel on Oct. 7, 2023.
Israel imposed a full blockade in March, then allowed limited aid to resume two and a half months later. The Israeli military body in charge of humanitarian aid to Gaza, COGAT, said 370 trucks of aid entered Tuesday — still below the 600 per day that the United Nations and partners say is needed.
A new attempt to deliver aid by sea
Israel has controlled all Gaza border crossings since seizing the Palestinian side of Rafah in May 2024. With land routes restricted, some countries have attempted to deliver supplies by air and sea.
Aid workers face mounting danger, the U.N. warned Tuesday. Its humanitarian office said a record 383 aid workers were killed worldwide in 2024, nearly half of them in Gaza.
COGAT said Tuesday that 180 pallets of aid were airdropped into Gaza with help from countries including Jordan, the United Arab Emirates and France. The U.N. and partners have called airdrops expensive, inefficient and even dangerous for people on the ground.
A ship carrying 1,200 tons of food left Cyprus on Tuesday for the Israeli port of Ashdod loaded with pasta, rice, baby food and canned goods that were pre-screened in Cyprus.
Magdy reported from Cairo and Gambrell from Dubai, United Arab Emirates. Melanie Lidman in Tel Aviv, Israel and Edith M. Lederer at the United Nations contributed.
