On Tuesday, The Home Depot (NYSE: HD) reported first quarter financial results ahead of market open, with both revenue and earnings improving from year-ago levels while also exceeding analyst expectations.
For the reported quarter, The enterprise delivered adjusted earnings of $3.43 per share, surpassing Wall Street estimates of earnings of $3.41 per share even as results declined 3.7 percent from a year earlier.
Quarterly revenue rose to $41.77 billion, increasing 4.8% year over year while also coming in ahead of Wall Street expectations of $41.53 billion.
Projecting future performance, Home Depot projected earnings expectations for the fiscal year 2026 in the range of $14.69 to $15.28 per share, an increase of 4 percent on year-over-year, compared with analyst expectations of $15.06 per share.
Further, sales expectations was set between grow between 2.5 percent and 4.5 percent or $168.80 billion and $172.09 billion, versus consensus estimates of $171.26 billion.
Ted Decker, chair, president and CEO, stated: “Our first quarter results were in line with our expectations.The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure”.
