The retailer posted $41.8 billion in sales and $3.43 adjusted EPS, exceeding Wall Street forecasts while reaffirming fiscal 2026 guidance.
Home Depot reported first-quarter sales of $41.8 billion, a 4.8% year-over-year increase, and adjusted earnings per share of $3.43, surpassing consensus estimates of $3.41 EPS and $41.52 billion in revenue. Net income fell 4.2% to $3.29 billion, or $3.30 per diluted share, from $3.43 billion a year earlier.
Comparable sales rose 0.6%, with U.S. comps up 0.4%, driven by a 2.3% increase in average ticket size to $92.76. Customer transactions declined 1.3%, reflecting cautious spending on larger projects. The company maintained its full-year guidance, projecting sales growth of 2.5% to 4.5% and flat to 2% comparable sales growth.
Shares showed muted reaction in after-hours trading as investors weighed the earnings beat against softer net income and macroeconomic pressures on home improvement demand.