The retailer reported $3.3 billion in net earnings for Q1 2026, reaffirming full-year guidance amid housing market pressures.
Home Depot posted Q1 2026 sales of $41.8 billion, a 4.8% year-over-year increase, driven by a 55 basis point boost from foreign exchange rates. Comparable sales edged up 0.6% globally and 0.4% in the U.S., reflecting steady demand despite consumer uncertainty and affordability challenges.
Net earnings declined slightly to $3.3 billion, or $3.30 per diluted share, from $3.4 billion ($3.45 per share) in Q1 2025. Adjusted EPS fell to $3.43 from $3.56 in the prior-year quarter, aligning with expectations.
The company maintained its full-year 2026 outlook, projecting sales growth of 2.5% to 4.5% and comparable sales ranging from flat to a 2% increase. Operating margins are expected to hold between 12.4% and 12.6%, with EPS growth of up to 4.0% on both GAAP and adjusted bases.