The Home Depot Provides a Strategic Update; Reaffirms Fiscal 2025 Guidance; Establishes a Preliminary Fiscal 2026 Outlook and a Market Recovery Case

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• We believe that the pressures in housing will correct and provide the home improvement market with support for growth faster than the general economy, and we expect to continue to grow faster than our market

  80% confidence

• In our Accelerated Recovery Case, we could see sales and earnings per share grow faster in the event of a sharper housing recovery

  80% confidence

• Our Market Recovery Case reflects our performance expectations once we see momentum in housing activity and increased spend on larger projects driven by pent-up demand

  80% confidence

• The investments we've made over the last several years have further strengthened our distinct competitive advantages and position us well to grow share in an approximately $1.1 trillion total addressable market

  80% confidence

• The company is uniquely positioned to grow market share and deliver shareholder value through its strategy to: drive core and culture, deliver a frictionless interconnected experience, and win the pro

  80% confidence

• We are focused on growing sales and delivering exceptional shareholder returns, supported by our culture and values

  80% confidence