Trending Now - Home Depot Reports Q1 Earnings Exceeding Forecast Amid Challenges
WHO:
ABC News - Ted Decker is the CEO of Home Depot.
The Home Depot - Home Depot is the world's largest home improvement retailer.
WHAT:
ABC News - Home Depot's profit fell from $3.43 billion, or $3.45 per share, in the first quarter of fiscal 2025 to $3.29 billion, or $3.30 per share, in the first quarter of fiscal 2026.
The Home Depot - Home Depot's revenue for the first quarter of fiscal 2026 was reported as $41.77 billion, an increase from $39.86 billion in the same period of fiscal 2025.
The Home Depot - Home Depot's adjusted diluted earnings per share for the first quarter of fiscal 2026 were $3.43, compared to $3.56 in the same period of fiscal 2025.
The Home Depot - Home Depot anticipates approximately 15 new store openings in fiscal 2026.
The Home Depot - Home Depot's gross margin is expected to be approximately 33.1% for fiscal 2026.
The Home Depot - Home Depot's operating margin is projected to be approximately 12.4% to 12.6% for fiscal 2026.
ABC News - Home Depot reported a profit of $3.29 billion, or $3.30 per share, for the first quarter of fiscal 2026.
The Home Depot - Home Depot's sales for the first quarter of fiscal 2026 were $41.8 billion, an increase of $1.9 billion, or 4.8%, from the first quarter of fiscal 2025.
The Home Depot - Comparable sales for the first quarter of fiscal 2026 increased by 0.6%, with U.S. comparable sales rising by 0.4%.
The Home Depot - Customer transactions declined by 1.3% in the quarter, but the average amount spent per transaction increased to $92.76 from $90.71 a year ago.
The Home Depot - Home Depot anticipates total sales growth of approximately 2.5% to 4.5% for fiscal 2026.
WHERE:
The Home Depot - Home Depot operates a total of 2,361 retail stores across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
WHEN:
The Home Depot - The first quarter of fiscal 2026 ended on May 3, 2026.
The Home Depot - Home Depot will conduct a conference call on May 19, 2026, at 9 a.m. ET.
WHY:
ABC News - Home Depot's results were attributed to strong demand from professional customers and homeowners stocking up on spring supplies, despite economic uncertainty and housing affordability pressures.
HOW:
The Home Depot - Home Depot's earnings were adjusted to $3.43 per share, which exceeded analysts' expectations of $3.41 per share.
(UPDATED May 19, 2026 16:06 UTC)
Home Depot reported a profit decline from $3.43 billion, or $3.45 per share, in the first quarter of fiscal 2025 to $3.29 billion, or $3.30 per share, in the first quarter of fiscal 2026. However, the company saw an increase in revenue, rising to $41.77 billion from $39.86 billion during the same period last year, while adjusted diluted earnings per share fell to $3.43 from $3.56. Looking ahead, Home Depot anticipates approximately 15 new store openings and projects a gross margin of about 33.1% along with an operating margin between 12.4% and 12.6% for fiscal 2026.
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(UPDATED May 19, 2026 13:56 UTC)
Home Depot, the world's largest home improvement retailer led by CEO Ted Decker, reported a profit of $3.29 billion, or $3.30 per share, for the first quarter of fiscal 2026, with sales reaching $41.8 billion, an increase of 4.8% from the previous year. While customer transactions dipped by 1.3%, the average amount spent per transaction rose to $92.76, and the company anticipates total sales growth of approximately 2.5% to 4.5% for the fiscal year. Home Depot's strong results were driven by robust demand from professional customers and homeowners preparing for spring, and they will hold a conference call on May 19, 2026, at 9 a.m. ET to discuss these earnings further.