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

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

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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.

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