NYSE$HD

Home Depot Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Home Depot's Q2 2020 sales increased by 23.4%, with comparable sales also up by 23.4%, and net earnings reached $4.3 billion.

Home Depot reported strong second-quarter results with a 23.4% increase in sales, driven by comparable sales growth of 23.4%. Net earnings for the quarter were $4.3 billion, or $4.02 per diluted share.

  • Sales increased by 23.4% compared to the second quarter of fiscal 2019.
  • Comparable sales were positive 23.4% for the second quarter of fiscal 2020.
  • Net earnings reached $4.3 billion, or $4.02 per diluted share.
  • The company invested approximately $480 million in additional benefits for associates during the quarter.

Headline financials

Total Revenue

$38.1B

Previous: $30.8B+23.4%
EPS (adj)

$4.02

Previous: $3.17+26.8%
Customer Transactions

511.5M

No prior period
Average Ticket

$74.12

No prior period
Comparable Sales Growth

23.4%

No prior period
Free Cash Flow

$4.33B

Previous: $3.48B+24.5%
Net Income

$4.33B

Previous: $3.48B+24.5%
Operating Income

$6.07B

Previous: $4.9B+23.9%
Gross Profit

$12.9B

Previous: $10.4B+24.1%
Cash & Equivalents

$14.1B

Previous: $2.55B+455.1%
Total Assets

$63.3B

Previous: $52B+21.8%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Home Depot · Revenue · Quarterly

$38.1B

Q2 2020+23.4%vs Q2 2019
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Forward guidance

The Home Depot did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.4%

Avg return

30 days after

64%

42 / 66 earnings

Positive

+6.4%

Q3 2021

Best reaction

-5.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%
Q4 2025+3.7%+1.0%-12.9%
Q3 2025-5.8%-4.1%-0.8%
Q2 2025+2.7%+4.6%+5.8%
Q1 2025-0.6%-4.4%-8.5%
Q4 2024+2.8%+3.7%-5.1%
Q3 2024+0.5%-0.0%+1.5%
Q3 2023+0.0%+1.9%+9.3%
Q2 2024+2.8%+4.7%+8.3%
Q1 2024+2.3%+1.0%+2.0%
Q1 2023-1.4%+1.8%-2.3%
Q4 2023+0.8%-0.5%+7.7%
Q2 2023+0.9%-0.8%-0.1%
Q4 2022+0.4%+1.3%+2.3%
Q3 2022+2.6%+2.0%+6.7%
Q2 2022+3.5%+2.1%-13.7%
Q1 2022-3.7%-3.0%-7.6%
Q4 2021-4.2%-4.7%-9.0%
Q3 2021+6.4%+10.1%+7.7%
Q2 2021-4.0%-1.7%+0.4%
Q1 2021-1.7%-1.3%-5.3%
Q4 2020+2.5%+4.2%+11.7%
Q3 2020-3.5%-3.5%-2.0%
Q2 2020-1.9%-1.7%-2.9%
Q1 2020-2.9%-1.4%+1.6%
Q4 2019+5.7%+6.2%+14.9%
Q3 2019+2.1%+1.0%+1.1%
Q2 2019+1.5%+4.2%+5.1%
Q1 2019-0.2%-1.0%+8.6%
Q4 2018+1.4%+2.7%+7.6%
Q3 2018-2.5%-2.7%-5.4%
Q2 2018+0.5%+1.7%+6.6%
Q1 2018-1.6%-1.5%+5.5%
Q4 2017-3.5%-1.9%-0.6%
Q3 2017+0.9%+1.1%+10.3%
Q2 2017-0.1%+0.3%+6.7%
Q1 2017-0.6%-0.7%-0.3%
Q4 2016+0.2%-0.1%+1.8%
Q3 2016+2.3%+2.6%+5.6%
Q2 2016-0.2%-0.7%-4.9%
Q1 2016+1.4%+1.9%-2.4%
Q4 2015+0.7%
Q3 2015+1.6%
Q2 2015+3.0%
Q1 2015+1.1%
Q4 2014+0.2%
Q3 2014-0.7%
Q2 2014+1.0%
Q1 2014+0.3%
Q4 2013-0.2%
Q3 2013+0.4%
Q2 2013+1.3%
Q1 2013-0.5%
Q4 2012+0.0%
Q3 2012+1.6%
Q2 2012+0.4%
Q1 2012+1.4%
Q4 2011-0.5%
Q3 2011+5.1%
Q2 2011-3.6%
Q1 2011-2.2%
Q4 2010+2.2%
Q3 2010+5.9%
Q2 2010+4.1%
Q1 2010-5.1%
Q4 2009+1.3%

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