The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance

Key Points:

• The Home Depot reported first quarter fiscal 2026 sales of $41.8 billion, a 4.8% increase from the same period in 2025, with comparable sales up 0.6% overall and 0.4% in the U.S., partly aided by favorable foreign exchange rates.
• Net earnings for the quarter were $3.3 billion, or $3.30 per diluted share, slightly down from $3.4 billion, or $3.45 per diluted share, in the prior year; adjusted diluted earnings per share were $3.43 compared to $3.56 previously.
• The company reaffirmed its fiscal 2026 guidance, projecting total sales growth between 2.5% and 4.5%, comparable sales growth flat to 2.0%, opening approximately 15 new stores, and adjusted diluted earnings-per-share growth flat to 4.0% from fiscal 2025.
• At quarter-end, The Home Depot operated 2,361 retail stores and over 1,280 SRS locations across multiple regions, employing over 470,000 associates, with stock traded on the NYSE under ticker HD.
• The company highlighted various forward-looking risks and uncertainties affecting future performance and emphasized the use of non-GAAP financial measures for supplemental analysis alongside GAAP results.