Home Depot Inc. (HD) Q4 2025 (USD): adj. EPS 2.72 (exp. 2.53), Revenue 38.2bln (exp. 38.11bln); Boosts dividend +1.3%

• Q4 SSS +0.4% (exp. -0.4%)
• Q4 US SSS +0.5%

• Exec said results were largely in-line with expectations, reflecting the lack of storm activity in Q3 and ongoing consumer uncertainty and pressure in housing.
• Adjusting for storms, underlying demand was relatively stable throughout the year.

• FY sales view +2.5-4.5% (exp. 15.10)
• FY SSS seen +0-2% (exp. 1.7%)
• FY Adj. EPS seen +0-4%

Home Depot's Q4 results surpassed expectations on both adjusted EPS and revenue, which supports a stable outlook amid consumer uncertainty. While same-store sales (SSS) growth was modest, the company’s decision to boost the dividend signals confidence in cash flow despite softer market conditions. Guidance for FY indicates cautious optimism but reflects a more conservative growth trajectory than analysts anticipated.