The Home Depot, Inc.

Gift Center and Black Friday events posted record sales years. Customer satisfaction score increased every quarter in fiscal 2025. Online comp sales increased approximately 11% in Q4.

Economic uncertainty including inflation, job concerns, and higher financing costs remains the number one reason customers cite for deferring large projects. Large discretionary projects remain under pressure.

Mostly done with tariff-related pricing actions from April impacts. Mid-single-digit exposure with about 3% SKU-level price impact. Over 50% of products sourced domestically. Portfolio approach to protect project cost.

Cross-sell between HD, SRS, and GMS winning tens of thousands of incremental homes through warm handoffs. Pro trade credit driving double-digit lift in spend. AI blueprint takeoffs and project tools seeing strong early engagement.