Home Depot reported first quarter revenue of $41.8 billion, a 4.8% increase year-over-year that beat analyst expectations. However, U.S. comparable sales growth of 0.4% missed estimates of 1.0%, and diluted EPS of $3.30 also fell short of expectations. The company reaffirmed its full-year guidance for fiscal 2026.
Key Highlights
- Revenue for the quarter increased 4.8% year-over-year to $41.8 billion, driven by a 2.2% increase in comparable average ticket which offset a 1.3% decline in comparable transactions.
- U.S. comparable sales grew 0.4%, missing analyst expectations of 1.0% growth and indicating continued softness in consumer project demand.
- Diluted EPS fell 4.3% to $3.30, missing estimates of $3.42, while the company reaffirmed its full-year fiscal 2026 guidance for sales and comparable sales growth.