A mixed quarter for Home Depot with fewer storms and a more cautious consumer

Home Depot’s third-quarter was mixed, with fewer storms, consumer uncertainty and ongoing pressure in the housing market weighing on the home improvement retailer’s performance.

The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth.

For the three months ended Nov. 2, Home Depot earned $3.6 billion, or $3.62 per share. A year earlier it earned $3.65 billion, or $3.67 per share.

Removing one-time charges and benefits, earnings were $3.74 per share, a dime short of Wall Street expectations, according to a poll by FactSet.