The Home Depot today reported first-quarter sales of $41.8 billion for fiscal 2026, up $1.9 billion, or 4.8%, compared to the first quarter of fiscal 2025.
Comparable sales for the first quarter of fiscal 2026 increased 0.6%, and comparable sales in the U.S. increased 0.4%.
Net earnings for the first quarter of fiscal 2026 were $3.3 billion, or $3.30 per diluted share, compared with net earnings of $3.4 billion, or $3.45 per diluted share, in the same period of fiscal 2025.
Adjusted earnings per share for the first quarter of fiscal 2026 were $3.43, compared with adjusted diluted earnings per share of $3.56 in the same period of fiscal 2025.
Ted Decker, President and CEO, told investors, “Our first quarter results were in line with our expectations. The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure. As always, our associates provided excellent customer service during the quarter, and I would like to thank them for their continued hard work and dedication to serving our customers.”
The company said it continues to expect fiscal 2026 sales to grow by between 2.5% and 4.5%, compared with expectations of around 4%. It’s projecting adjusted earnings per share to increase by as much as 4%, compared with expectations of 2.4% growth.
Home Depot shares fell slightly in premarket trading following the announcement.
By CEO NA Editorial Staff
