Home Depot Q4 Comps Rise 0.4% vs. –0.24% Estimate, Guidance Reaffirmed
Home Depot’s Q4 same-store sales rose 0.4%, beating analyst estimates for a 0.24% decline, while EPS topped consensus and full-year guidance was reaffirmed. The company cited stable demand despite challenging housing conditions driven by high home prices and elevated mortgage rates.
1. Earnings Performance
Home Depot reported Q4 same-store sales growth of 0.4%, surpassing the market forecast of a 0.24% decline. The beat on sales translated into an EPS outperformance, reflecting effective inventory management and disciplined expense control during a slower post-pandemic demand phase.
2. Outlook and Headwinds
The company reaffirmed its full-year 2026 guidance, anticipating stable revenue and profit expansion despite macro headwinds. Management highlighted continued pressure from elevated home prices and mortgage rates, while noting potential demand normalization as rates ease and inventory restocking resumes.