Home Depot: Dodges The President's Ire But Not The U.S. Consumer

  • Home Depot posted mixed Q1 FY25 results, with revenue beating estimates but EPS and comparable sales slightly missing expectations amid a challenging macro environment. Management reaffirmed full-year guidance and is fast-tracking sourcing diversification to avoid tariff impacts, aiming to keep prices stable and defend market share. Despite positives like the SRS acquisition and growth in the Pro segment, weak consumer sentiment and high rates continue to suppress big-ticket spending and remodeling cycles.