Home Depot Posts $41.8 Billion Q1 Sales, Missing Comp Estimates at 0.6%
Updated
Updated · The Home Depot · May 19
Home Depot Posts $41.8 Billion Q1 Sales, Missing Comp Estimates at 0.6%
13 articles · Updated · The Home Depot · May 19
$41.8 billion in fiscal first-quarter sales marked a 4.8% year-over-year increase for Home Depot, while diluted EPS came in at $3.30 and adjusted EPS at $3.43.
Comparable sales rose just 0.6% in the quarter ended May 3, below analyst expectations, even as revenue and adjusted profit topped Wall Street forecasts.
Strong professional-customer demand and spring seasonal purchases helped support results, while high borrowing costs and a muted housing recovery continued to restrain bigger home-improvement spending.
Online comparable sales grew at a double-digit rate for a fourth straight quarter, power categories hit a first-quarter sales record, and the company also announced the acquisition of Mingledorff's.
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With consumer debt at crisis levels and wages lagging, is the 'K-shaped' economy becoming a permanent feature of American life?
As America's economy splits into a 'K-shape,' which businesses will thrive by catering to the struggling majority versus the affluent few?
U.S. Retail Sector 2026: Real Retail Sales, Inflation Risks, and the Digital Pivot
Overview
As of May 19, 2026, the retail sector is in the spotlight as major retailers like Walmart, Home Depot, Target, and Ross Stores prepare to release their Q1 earnings. These reports are highly anticipated because they will reveal important trends in consumer spending and the overall health of retail. Walmart, in particular, is expected to show strong revenue and earnings growth, with analysts maintaining a positive outlook. This quarter is also the first full period under new CEO John Furner, whose comments on market share and consumer trends are eagerly awaited. The results from these retailers will provide key signals for the market.