Home Depot delivered first quarter adjusted EPS of $3.43 versus analyst estimates of $3.30 on $41.8 billion revenue, with comparable sales rising 0.6%. The company reaffirmed its fiscal 2026 outlook calling for 2.5%–4.5% total sales growth, flat to 2.0% comparable sales, a gross margin around 33.1%, operating margin of 12.4%–12.6% and plans to open approximately 15 new stores.

The retailer flagged that large home improvement projects are waning as consumers face record-low sentiment, elevated mortgage rates and high home prices. Management expects full-year sales and profit to be flat to modestly higher, citing elevated fuel costs as a headwind and potential tariff refunds as a tailwind.