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00:02Home Depot beat fiscal first quarter expectations and reaffirmed its full year guidance,
00:08as its core homeowner-customer remained resilient, according to CNBC.
00:12The home improvement retailer posted adjusted earnings of $3.43 per share on revenue of $41.77
00:19billion, topping forecasts of $3.41 and $41.52 billion, respectively.
00:26Net income for the quarter ended May 3rd was $3.29 billion, or 3.30 per share, down from
00:35$3.43 billion a year earlier.
00:38Sales rose nearly 5% from $39.86 billion.
00:43Comparable sales rose 0.6%, below the 0.8% expected, and comparable transactions fell 1.3%.
00:51The company expects fiscal 2026 sales to grow 2.5% to 4.5%, and adjusted earnings per share
00:59to grow as much as 4%, according to LSEG.
01:03Home Depot continues to expand its pro business through acquisitions, including SRS distribution
01:09for $18.25 billion in GMS, targeting the $700 billion pro market.
01:14For all things money, visit Benzinga.com.
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