Purpose Global Bond Fund Series ETF Announces CAD 0.0866 Dividend

E-commerce retail sales in Q2 increased 1.4% Q/Q to $304.2B, improving from a 0.1% decrease in Q1, according to the U.S. Census Bureau. On a Y/Y basis, e-commerce sales advanced 5.3% in Q2, decelerating from a 6.0% increase in Q1.

Home Depot (HD) reported its second-quarter revenue of $45.28 billion, up from $43.18 billion, but fell short of Wall Street’s expectations of $45.41 billion. The company experienced a 1% comparable store sales growth and an average transaction value of $90.01, reflecting a shift towards smaller home projects amid high borrowing costs. Earnings per share (EPS) dipped to $4.58, missing $4.72 expectations, as the housing market downturn pressures growth. Home Depot reaffirmed its 2025 guidance: 2.8% sales growth and 2% adjusted earnings decline, adapting to economic volatility and shifting consumer priorities [1].

In contrast, e-commerce retail sales in Q2 increased 1.4% quarter-over-quarter (QoQ) to $304.2 billion, improving from a 0.1% decrease in Q1. On a year-over-year (YoY) basis, e-commerce sales advanced 5.3%, decelerating from a 6.0% increase in Q1. These figures highlight the resilience of the e-commerce sector despite broader economic uncertainties [2].

The broader U.S. housing market continues to face challenges, with sales of previously occupied homes on a downward trend due to high mortgage rates and escalating home prices. Home Depot’s fiscal performance reflects these market conditions, with the company adapting its strategies to maintain its leading position in the home improvement retail sector amidst evolving market dynamics.

References:
[1] https://www.ainvest.com/news/home-depot-hd-stock-faces-pressure-smaller-projects-drive-modest-sales-growth-2508/
[2] U.S. Census Bureau