Home Depot Q1 Earnings Call Highlights

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MarketBeat

Tue, May 19, 2026 astatine 10:05 AM CDT 8 min read

Key Points

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Home Depot’s Q1 results were mostly successful enactment with expectations, with income rising 4.8% to $41.8 cardinal and comparable income up 0.6% overall, though adjusted EPS fell to $3.43 from $3.56 a twelvemonth agone amid ongoing lodging and affordability pressure.
Demand was strongest successful spring-related and Pro categories, portion larger discretionary projects remained weak. Digital income grew much than 10% for the 4th consecutive quarter, and absorption highlighted continued gains successful fulfillment and store productivity.
The institution reaffirmed its fiscal 2026 outlook contempt borderline unit from acquisitions and pricing investments, keeping guidance for level to 2% comparable income maturation and EPS maturation of level to up 4%. Home Depot besides emphasized its propulsion into Pro and HVAC organisation with the Mingledorff’s acquisition.

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Home Depot (NYSE:HD) reported first-quarter fiscal 2026 results that were successful enactment with management’s expectations, with humble comparable-sales maturation contempt continued unit from lodging affordability, higher involvement rates and cautious user behaviour astir ample projects.

The location betterment retailer said income for the 4th were $41.8 billion, up 4.8% from the aforesaid play past year. Total comparable income roseate 0.6%, portion U.S. comparable income accrued 0.4%. Adjusted diluted net per stock were $3.43, compared with $3.56 successful the prior-year quarter.

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Ted Decker, chair, president and main enforcement officer, said underlying request was “relatively similar” to what the institution saw passim fiscal 2025, adjacent arsenic user uncertainty and lodging affordability pressures persisted. He said the company’s Northern and Western divisions posted affirmative comparable income arsenic customers engaged successful outdoor projects erstwhile upwind was favorable. Mexico posted affirmative comps successful section currency, portion Canada was negative.

Spring Projects Support Demand, But Large Projects Remain Pressured

Billy Bastek, enforcement vice president of merchandising, said 9 of Home Depot’s 16 merchandising departments posted affirmative comps successful the quarter: storage, power, hardware, plumbing, electrical, bath, indoor garden, overgarment and kitchens.

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The institution reported a 2.2% summation successful comp mean ticket, portion comp transactions declined 1.3%. Big-ticket comp transactions supra $1,000 roseate 0.8% from the prior-year quarter. Bastek said the institution was pleased with show successful portable powerfulness and patio, but noted that “larger discretionary projects stay nether pressure.”

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