Home Depot Just Reported Earnings. Here's Whether the Dow Dividend Stock Is Still a Buy.

HD reported second-quarter earnings per share of $4.92, up 5.1% year-over-year, while same-store sales growth came in at 1.7%. Management cited high interest rates as the primary headwind, with homeowners delaying major renovation projects in the elevated rate environment.

The company expects full-year same-store sales growth in the flat to 2% range, reflecting continued pressure on big-ticket purchases. Despite the muted near-term outlook, HD maintains a dividend yield of 3.61% and holds a dominant position in the home improvement retail segment.

An analyst from The Motley Fool views the stock as a buy for patient investors, projecting that sales growth will eventually reaccelerate once the interest rate environment shifts. The thesis hinges on HD's market strength and income generation through the current slowdown.