Home Depot reported second-quarter earnings and revenue that exceeded Wall Street expectations, while reaffirming its full-year financial guidance.

The retailer reported $47.86 billion in revenue, up 5.7% from a year earlier, while net income increased to $4.77 billion.

Comparable sales rose 1.7%, beating analysts’ expectations and marking the company’s strongest comparable-sales growth since the third quarter of 2022.

Executives said customers remain hesitant to take on larger home-improvement projects because of inflation, fuel costs, higher mortgage rates and broader economic uncertainty, CNBC has reported.

Home Depot expects full-year sales to grow between 2.5% and 4.5%, while the company continues investing in its business despite what executives described as a “frozen housing market.”