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Home/News Feed/Home Depot Q1 sales rise 4.8% but earnings dip amid weak housing market.

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Home Depot Q1 sales rise 4.8% but earnings dip amid weak housing market.

Company Fundamentals

19 May 2026

Akanksha Bakshi

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Neutral

Home Depot reported a 4.8% increase in first-quarter fiscal 2026 sales to $41.77 billion, beating analyst estimates. However, net earnings fell 4.2% to $3.29 billion, with adjusted EPS slightly above expectations at $3.43. The company cited a weak housing market and consumer caution delaying larger home improvement projects as challenges. Despite this, Home Depot reaffirmed its full-year guidance, expecting sales growth of 2.5% to 4.5% and adjusted EPS between $14.69 and $15.28, while planning to open about 15 new stores in 2026.

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