🔹 Revenue: $23.96B (Est. $23.96B) 🟡; UP +2% YoY
🔹 Adj. EPS: $4.33 (Est. $4.24) 🟢; UP +6% YoY
🔹 Comp Sales: +1.1% YoY
FY25 Guide (updated for ADG acquisition)
🔹 Revenue: $84.5B–$85.5B (Est. $84.4B) 🟢
🔹 Oper. Margin: 12.1%–12.2% (Prev. 12.3%–12.4%) 🔴
🔹 Adj. EPS: $12.20–$12.45 (Est. $12.22) 🟡
🔹 Comp Sales: Flat to +1% YoY
🔹 Adj. Operating Margin: 12.2%–12.3%
🔹 CapEx: ~$2.5B
🔹 Tax Rate: ~24.5%
Operational & Strategic Updates
🔹 Retail footprint: 1,753 stores; 195.5M sq. ft.
🔹 Acquired Artisan Design Group (ADG) in June; strengthens Pro/new home construction segment
🔹 Capital allocation: $1.3B invested in ADG acquisition; $645M paid in dividends
Management Commentary
🔸 CEO Marvin Ellison: “Positive comps driven by both Pro and DIY despite weather headwinds; ADG acquisition expands our Pro reach.”