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Story summary
- Home Depot reported Q2 revenue of $47.86 billion, up 5.7%, and earnings per share of $4.92.
- Same-store sales increased 1.7%, surpassing the FactSet estimate of 0.9% and reaching a four-year high.
- CFO Richard McPhail said a tariff refund added 85 basis points to gross margin, which reached 33.7%.
- Operating cash flow increased 27% to $11.4 billion while inventories grew 8.1% to $26.8 billion.
