Home Depot (HD) reported on Tuesday that its fiscal second-quarter results beat Wall Street expectations:
"We continue to operate in what I call 'frozen housing market conditions,' but we also know that we're taking share and that we're serving our customers better every day," CFO Richard McPhail told CNBC:
McPhail noted that Home Depot saw "broad engagement" across its categories, but the greater uncertainty in the market led the company to reaffirm rather than raise its guidance:
"We're focused on controlling what we can control," McPhail said:
Home Depot reported that its revenue for the second quarter was $47.86 billion, a 5.7% increase compared to the previous year:
The company expects total sales growth for the year to be between 2.5% and 4.5%:
Home Depot also reaffirmed its fiscal 2026 guidance:
