Home Depot Q1 Sales Rise 4.8% to $41.8B; EPS Falls to $3.30
Home Depot's Q1 fiscal 2026 revenue rose 4.8% year-over-year to $41.8 billion, while comparable store sales gained 0.6%. GAAP earnings per share fell to $3.30 from $3.45 and full-year adjusted EPS guidance remains on track for a 5% decline.
1. Q1 Fiscal 2026 Results
Revenue increased 4.8% to $41.8 billion, driven by a 0.6% gain in comparable sales. GAAP earnings per share declined to $3.30 from $3.45 as a result of ongoing margin pressures.
2. Margin Pressure and Guidance
Higher operating costs compressed profit margins, prompting EPS to fall year-over-year. Management reaffirmed full-year adjusted EPS guidance calling for approximately a 5% decline.
3. Pro Channel Expansion Strategy
The $18 billion SRS Distribution acquisition and $5.5 billion GMS deal continue to bolster professional customer revenue. GMS generated $892 million in sales during its first eight weeks under company ownership.