Home Depot and Lowe’s report contrasting quarterly margins amid soft housing market conditions and interest rate pressures.
Home Depot reported a 12% EBIT margin for the quarter ended May 3, 2026, reflecting steady revenue from its professional contractor base. The company also announced a partnership with Hertz targeting military personnel on May 1, 2026, aiming to bolster sales stability.
Lowe’s, meanwhile, recorded a 33% gross margin for the quarter ended May 1, 2026, despite completing workforce reductions at its North Carolina facilities. Both retailers face challenges from a sluggish housing market and higher interest rates, which have weighed on share performance.
Revenue trends highlight Home Depot’s dominance in the sector, driven by its contractor-focused sales strategy. However, seasonal demand peaks in spring and summer have not offset broader macroeconomic headwinds.