Home Depot discussed fiscal Q2 2026 results on Aug. 18 with EVP/CFO Richard McPhail, Senior EVP Ann-Marie Campbell, and EVP Merchandising Billy Bastek.
Q2 sales were $47.9 billion, up 5.7%; comparable sales were up 1.7% overall and up 1.3% in the U.S.; adjusted EPS was $4.92.
The company received $730 million in IEEPA tariff refunds; $685 million reduced cost of goods sold in Q2, and $45 million remained in inventory.
Management reaffirmed full-year comparable sales guidance of flat to 2% growth; total sales growth is seen at about 2.5% to 4.5%.
Home Depot launched nationwide Express Delivery for tens of thousands of items within three hours; online comparable sales rose 11%.
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