Consensus revenue for the July-ending quarter is projected at $47.26 billion with EPS of $4.71, as the stock trades near $338.21 against an average analyst target of $374.06.
Investors are intently focused on comparable store sales growth, seeking confirmation that the business has stabilized following a soft first quarter.
Recent results have seen total sales bolstered by acquisitions like SRS Distribution, yet organic demand remains constrained by high interest rates and deferred large-scale renovations.
Market participants will also look for updates on professional contractor demand and potential revisions to the company’s flat-to-2% annual comparable sales guidance.