CLAIM #29646 · The Home Depot Inc (HD) · 2025Q2 earnings call · Aug 19, 2025 · due Jan 31, 2026
“The U.S. business will be more or less a similar comp rate with no meaningful lift necessary, and we get that swing of 80 basis points of FX pressure for the total company.”
Ted Decker · CEO
In context
“anks and good morning. Just my first question is more near-term, and then my follow-up is a bit more bigger picture. So following up on this last line of the question, there are a number of like puts and takes on in the back half around comp cadence that I'd love for you to talk about? Do you expect much difference between the quarters? It looks like the hurricane lift was pretty similar, but then, you know, ticket inflation given inventory receipts and seasonal probably accelerates over the year. But then on the other side of this, you have this sort of euphoria December post-election with the consumer. So any thoughts there on the puts and takes of comp cadence in the back half? Ted Decker: Yes, Chris. As Rich and I outlined earlier, there's not a big uptick necessary to meet our guide. The U.S. business will be more or less a similar comp rate with no meaningful lift necessary, and we get that swing of 80 basis points of FX pressure for the total company. On ticket and transactions, you saw higher ticket in Q2 to transactions. And as Billy said, it's really the increase in spend on large items where we had a 2.6% comp in tickets over $1,000, and again, that was broad-based. In the lack of a lot of promotional activity in outdoor garden that tends to be smaller ticket. That mix effect is what helped the ticket. It really wasn't priced. And then similarly, that slight decrease in transactions was all in that modest pullback in outdoor garden promotions. And but I mean that explains all of the negative transactions that we saw. So you're going to cycle through the we're not planning for any more hurricanes. The hurricane impacts were smaller in Q2 than they were in Q1. They'll be smaller yet again in Q3 and Q4. So we're just looking at the co”
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SEC filings for HD ↗ · Claim quote is verbatim from the 2025Q2 earnings call.