HD Q1 2026

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Earnings

Home Depot delivered a largely in-line first quarter for fiscal 2026, posting adjusted diluted EPS of $3.43 against a year-ago figure of $3.56, as revenue climbed 4.8% to $41.77 billion, buoyed significantly by the ongoing integration of the SRS Dist… Read more Home Depot delivered a largely in-line first quarter for fiscal 2026, posting adjusted diluted EPS of $3.43 against a year-ago figure of $3.56, as revenue climbed 4.8% to $41.77 billion, buoyed significantly by the ongoing integration of the SRS Distribution acquisition. Comparable sales rose just 0.6%, with U.S. Comps up 0.4%, as softer customer traffic, down 1.3% year over year, was partially offset by a 2.2% gain in average ticket to $92.76, suggesting that while fewer customers came through the door, those who did spent more. The acquisition's cost footprint weighed on profitability, with GAAP operating margin compressing to 11.9% from 12.9% a year ago, as SG&A costs rose 5.7% and acquired intangible amortization from SRS alone reached $119.00 million. CEO Ted Decker cited "greater consumer uncertainty and housing affordability pressure" as ongoing headwinds, themes that had shadowed the stock ahead of the report. Despite the margin pressure, management reaffirmed its full-year fiscal 2026 outlook, targeting total sales growth of 2.5% to 4.5% and adjusted diluted EPS growth of approximately flat to 4.0% off a $14.69 base.