Home Depot reported first-quarter fiscal 2026 sales of $41.8 billion. This represents a 4.8% increase over the previous year. Adjusted earnings per share reached $3.43, slightly exceeding analyst expectations.
Overall comparable sales grew by 0.6%. U.S. comparable sales rose by 0.4%. CEO Ted Decker attributed the results to consumer uncertainty and housing affordability pressures.
Professional contractor demand supported the quarter. However, high housing costs limited spending on large-scale renovation projects.
The company reaffirmed its full-year guidance. Home Depot shares declined slightly in premarket trading following the report.