08:58 AM EDT, 05/20/2025 (MT Newswires) -- Home Depot ( HD ) reiterated its full-year outlook on Tuesday as the home improvement retailer recorded better-than-expected fiscal first-quarter sales amid continued consumer spending on smaller projects.

The company continues to anticipate per-share adjusted earnings to decrease about 2% in fiscal 2025 from the previous year's figure of $15.24. The current consensus on FactSet is for non-GAAP EPS of $14.99. The stock rose 1.9% in the most recent premarket activity.

Sales are still pegged to rise by roughly 2.8% on a yearly basis, while the retailer maintained its comparable sales growth guidance of around 1%. The Street is looking for sales of $163.89 billion and a same-store sales increase of 1.2% for the ongoing fiscal year.

For the three-month period ended May 4, adjusted EPS declined to $3.56 from $3.67 the year before, below the average analyst estimate of $3.60. Sales climbed to $39.86 billion from $36.42 billion, topping the Street's view for $39.3 billion.

"Our first-quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events," Chief Executive Ted Decker said in a statement. "We feel great about our store readiness and product assortment as spring continues to break across the country."

Comparable sales edged down 0.3% at the company level, more than the 0.1% decline modeled by the market. The metric moved 0.2% higher in the US, representing the second consecutive quarter of positive comparable sales with further improvements expected during the 2025 calendar year, Truist Securities said in a Tuesday client note.

The number of transactions improved 2.1% to 394.8 million. The average ticket prices nudged higher to $90.71 from $90.68 in the prior-year quarter. The company's operating margin came in at 12.9% for the first quarter, down from 13.9% a year ago.

Home Depot's ( HD ) lack of comments on tariffs in its earnings release suggests it views their ultimate impact as "neutral-ish" and the company is focused on how its core business is performing, according to Truist.

US President Donald Trump announced sweeping new import tariffs in early April, but later declared a 90-day pause on certain duties for non-retaliating countries. The US and China recently agreed to suspend most duties on each other's goods for a period of 90 days.