Home Depot (HD) Q1 2026 (USD): EPS 3.43 (exp. 3.41), Revenue 41.8bln (exp. 41.61bln); backs FY26 guidance

SSS: 

• Q1 SSS 0.6% (exp. 0.8%)
• US comparable sales +0.4%
• Comparable customer transactions fell 1.3%
• Comparable average ticket rose 2.2%
• Total customer transactions declined 0.9% to 391.1mln
• Average ticket increased 2.3% to USD 92.76.

COMMENTARY:

• CEO says demand was relatively similar to FY25, despite greater consumer uncertainty and housing affordability pressure.
• CFO says the homeowner is perhaps more financially protected than other consumer cohorts, so HD continues to see engagement.

GUIDANCE:

• Reaffirms FY26 guidance for total sales growth about 2.5%-4.5%, comparable sales growth about flat to 2.0% (exp. 1.4%), EPS growth about flat to 4.0% from 14.23 and, adj. EPS growth about flat to 4.0% from 14.69.