Hardware Retailing The Industry's Source for Insights and Information
The Home Depot reported its financial results for the first quarter of fiscal 2026, posting net sales for the quarter of $41.8 billion, a 4.8% increase year over year.
Comparable store sales for fiscal Q1 2026 increased 0.6%, and comparable U.S. sales increased 0.4%.
Net earnings for fiscal Q1 were $3.3 billion, a 2.94% decrease year over year. Adjusted diluted earnings per share for fiscal Q1 were $3.43, a 3.65% decrease year over year.
“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,” says Ted Decker, Home Depot chair, president and CEO. “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.”
Home Depot also reaffirmed its fiscal 2026 guidance:
- Total sales growth of approximately 2.5% to 4.5%
- Comparable sales growth of approximately flat to 2.0%
- Opening approximately 15 new stores
- Gross margin of approximately 33.1%
- Operating margin of approximately 12.4% to 12.6%
- Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025
- Capital expenditures of approximately 2.5% of total sales
