The Home Depot, Inc. (NYSE:HD) is one of the Best Consumer Cyclical Stocks to Buy According to Hedge Funds. On August 29, the company announced that it received clearance from the Canadian Competition Bureau, in the form of a no action letter, related to The Home Depot, Inc. (NYSE:HD)’s previously announced tender offer to purchase, via its wholly-owned subsidiary Gold Acquisition Sub, Inc., and subject to certain conditions, all of the outstanding shares of GMS. Notably, the no action letter satisfies the remaining antitrust law-related condition required for the consummation of the tender offer as well as the transactions under the merger agreement.
Elsewhere, The Home Depot, Inc. (NYSE:HD)’s Q2 2025 results were in line with its expectations, with the momentum beginning in the back half of last year continuing throughout the first half. The company saw sales of $45.3 billion for Q2 2025, implying an increase of $2.1 billion, or 4.9% YoY. The Home Depot, Inc. (NYSE:HD) reaffirmed its guidance for FY 2025, with total sales growth of ~2.8% and gross margin of ~33.4%.
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Disclosure: None. This article is originally published at Insider Monkey.
