Home Depot Q1 Sales Up 4.8% to $41.8B But EPS Drops to $3.30
Home Depot’s Q1 fiscal 2026 sales rose 4.8% to $41.8 billion with comparable sales up 0.6%, but GAAP EPS fell to $3.30 from $3.45. Management reaffirmed full-year guidance calling for roughly 5% adjusted EPS decline while SRS Distribution and GMS acquisitions generated $892 million in initial sales.
1. Q1 Fiscal 2026 Performance
Home Depot reported Q1 fiscal 2026 sales of $41.8 billion, up 4.8% year-over-year, with comparable store sales rising 0.6%. GAAP earnings per share fell to $3.30 from $3.45 as margin pressure persisted.
2. Guidance Reaffirmation
Management reaffirmed full-year guidance calling for adjusted EPS to decline about 5%, signaling continued margin challenges despite the modest sales beat.
3. Acquisition-driven Growth
The SRS Distribution and GMS acquisitions generated $892 million in combined sales during their initial eight weeks under Home Depot ownership, aiming to boost recurring revenue from professional contractors.