Home Depot (HD) continues to experience a major consumer trend that has recently contributed to lower-than-expected sales. In response, the company’s executives identified the reason behind the trend and the drastic action Home Depot is taking to calm a major customer concern.

Q1 2025 Management View Ted Decker, Chair, President & CEO, highlighted that "Sales for the first quarter were $39.9 billion, up 9.4% from the same period last year. Comp sales declined 0.3% from the same period last year,

Home Depot is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.

Home Depot (NYSE:HD) reported a solid increase in first-quarter sales, reaching USD 39,856 million, though net income and earnings per share slipped slightly. In the past month, shares rose by 6.85%,

Since the article was published, Home Depot's stock has declined 7.02%, significantly underperforming the S&P 500, which gained 1.13% during the same period.

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Home Depot reported Q1 results with modest headline miss, but analyst upgrades rating to Buy and raises price target to $425.

Q1 2025 Earnings Conference Call May 20, 2025 9:00 AM ETCompany ParticipantsIsabel Janci - VP of IR and TreasurerTed Decker