Home Depot reported first quarter fiscal 2026 sales of $41.8 billion, up 4.8% from the prior year, driven by a 0.6% increase in comparable sales and positive foreign exchange impacts. Net earnings were $3.3 billion, slightly down from $3.4 billion in the previous year, with adjusted earnings per share also declining modestly. Despite consumer uncertainty and housing affordability pressures, demand remained stable. The company reaffirmed its fiscal 2026 guidance, expecting modest sales growth, flat to slight earnings per share growth, and plans to open about 15 new stores.
The S&P 500 fell 0.07% to 7,403.05 on Monday, marking its second consecutive decline, pressured by weakness in AI-related technology stocks after Seagate warned of supply constraints. Despite this, Wall Street remains near record highs following a st...
Home Depot reported better-than-expected earnings and revenue for the first quarter, with adjusted earnings per share of $3.43 and revenue of $41.77 billion. Despite challenges like higher gas prices, low consumer confidence, and a slow housing marke...
This week, 611 global companies will report Q1 earnings, with major focus on retail giants like Walmart, Target, Home Depot, and off-price retailers TJX and Ross. Rising inflation, driven by energy prices, has squeezed consumer spending, raising conc...
Nvidia's earnings report this week is highly anticipated, with analysts expecting strong results driven by GPU demand and AI growth, but a beat-and-raise is needed to justify further stock gains. Other major companies like Walmart, Target, and Home D...
Jim Cramer warns that rising bond yields, driven by surging oil prices and geopolitical tensions, could derail the stock market rally and reduce chances of Federal Reserve interest rate cuts. He highlights the need for a stable bond market and lower ...
