03:26 PM EDT, 08/19/2025 (MT Newswires) -- Home Depot's ( HD ) Q2 performance was in line with expectations, with total sales within 10 basis points of estimate, despite weather disruptions and high interest rates, Truist said in a note Tuesday.

Truist card data showed sales picked up during the quarter, especially in the last six weeks, following a slow start likely caused by poor weather, the investment firm said.

The quarter marked Home Depot's ( HD ) third straight period of positive US comps, which supports a gradual shift away from expectations based on the prior low-rate environment, Truist analysts noted.

Gross margins were 33.4%, flat year over year and slightly above estimates, while adjusted earnings before interest and taxes margins came in at 14.8%, narrowly missing the 14.9% estimate, according to the note.

Adjusted EPS was $4.68, just below the $4.70 estimate, with EBIT roughly matching forecasts at $6.7 billion, Truist said.

Home Depot ( HD ) reaffirmed its full-year guidance, including 2.8% total sales growth, 1% comp growth, 13.4% adjusted EBIT margin, and $14.95 in adjusted EPS, Truist noted.

Truist maintained a buy rating for Home Depot ( HD ) with a $433 price target.

Shares of the company were up over 3% in recent trading.

Price: 406.35, Change: +11.65, Percent Change: +2.95