Home Depot's second-quarter same-store sales are lower than expected, dropping more than 1% before the market opens.

Home Depot's second-quarter same-store sales increased by 1%, compared to a 3.3% decrease in the same period last year, and an estimated increase of 1.39%. Same-store sales in the United States in the second quarter increased by 1.4%, with an estimated increase of 1.55%. Second-quarter sales netted $45.28 billion, a 4.9% increase from the previous year, with an estimated $45.43 billion. Adjusted earnings per share for the second quarter were $4.68, compared to $4.67 in the same period last year, and an estimated $4.72. Earnings per share for the second quarter were $4.58, compared to $4.60 in the same period last year. Home Depot still predicts a roughly 1% increase in same-store sales for the full year, with the market forecasting a 1.08% increase. The company also forecasts a roughly 2.8% increase in revenue for the full year, and an approximately 13% operating profit margin, with the market predicting 13.3%. Home Depot's U.S. stock fell over 1% in pre-market trading.