Home Depot reports EPS $3.43, revenue $41.8B

Home Depot reported first-quarter fiscal 2026 sales of $41.8 billion and adjusted diluted earnings per share of $3.43 on Tuesday, while reaffirming its full-year guidance. The Atlanta-based home improvement retailer said sales rose 4.8% from the year-earlier quarter. Net earnings were $3.3 billion, or $3.30 per diluted share, compared with $3.4 billion, or $3.45 per diluted share, a year earlier. The company said comparable sales increased 0.6%, with U.S. comparable sales up 0.4%. ### How did the quarter compare with the numbers investors were watching? Adjusted diluted earnings per share of $3.43 were slightly above the $3.41 figure cited in market commentary around the release, while revenue of about $41.8 billion was above the roughly $41.5 billion consensus referenced in those same reports. Third-party market coverage on Tuesday described the quarter as ahead of Wall Street expectations on both earnings and revenue. (ir.homedepot.com) Revenue of $41.8 billion also marked an increase from $39.9 billion in the first quarter of fiscal 2025, according to Home Depot’s prior-year earnings release. Adjusted diluted earnings per share, however, fell from $3.56 a year earlier. ### What did Home Depot say about demand? (ir.homedepot.com) Ted Decker, Home Depot’s chair, president and chief executive officer, said the company’s first-quarter results were “in line with our expectations.” Decker said “the underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure.” (ir.homedepot.com) Comparable sales increased 0.6% in the quarter, and foreign exchange rates positively affected total company comparable sales by about 55 basis points, the company said. Home Depot also said customer demand remained under pressure from affordability conditions in housing, even as spending patterns in the business were broadly similar to last year, according to Decker’s comments in the release. (ir.homedepot.com) ### What else in the release stood out? Home Depot said it ended the quarter with 2,361 retail stores and more than 1,280 SRS locations across the United States, Canada and Mexico. The company said customer transactions declined 1.3% in the quarter, while average ticket rose to $92.76 from $90.71 a year earlier, according to Associated Press coverage of the release. (ir.homedepot.com) Net earnings of $3.3 billion were lower than the prior-year quarter even as sales increased. The company’s reported diluted earnings per share fell to $3.30 from $3.45 a year earlier. ### Did Home Depot change its outlook for the year? Home Depot reaffirmed fiscal 2026 guidance for total sales growth of about 2.5% to 4.5% and comparable sales growth of about flat to 2.0%. (ir.homedepot.com) The company also maintained its forecast for adjusted diluted earnings per share to grow about flat to 4.0% from $14.69 in fiscal 2025. (ir.homedepot.com) The company said it expects to open about 15 new stores this fiscal year, with capital expenditures of about 2.5% of total sales and net interest expense of about $2.3 billion. ### What comes next? Home Depot said it would discuss the quarter on a conference call at 9 a.m. ET on May 19, with a webcast replay available on its investor relations site. (ir.homedepot.com) The company’s investor calendar also lists its annual meeting of shareholders for May 21 and its second-quarter fiscal 2026 earnings release for Aug. 18.