Home Depot reported fiscal second-quarter results that exceeded Wall Street expectations in both earnings per share and revenue, with adjusted EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion versus $47.27 billion expected. Despite operating in a challenging 'frozen housing market,' the company saw broad customer engagement and comparable sales growth of 1.7%, the highest since Q3 2022. Home Depot reaffirmed its full-year 2026 guidance, expecting sales growth between 2.5% and 4.5% and operating margins of 12.4% to 12.6%, supported by tariff refunds that help offset rising costs. CFO Richard McPhail highlighted ongoing investments to gain market share and serve customers better, while noting consumer hesitancy on larger projects due to inflation and economic uncertainty. CEO Ted Decker is on temporary medical leave, with senior executives managing operations and finance in the interim.
Home Depot reported a 5.7% increase in second-quarter fiscal 2026 sales to $47.9 billion, with net earnings rising to $4.8 billion or $4.79 per diluted share, up from $4.6 billion and $4.58 respectively in the prior year. Comparable sales grew 1.7%, ...
Jefferies downgraded Home Depot from Buy to Hold due to worries over minimal profit growth despite expected revenue rise in Q2. Customer transactions have declined for five quarters, indicating growth relies on bigger purchases, not more customers. M...
Walmart reports earnings Thursday amid concerns that U.S. comparable sales may miss expectations, with Oppenheimer downgrading the stock due to slower growth in General Merchandise and Health & Wellness. Target and Home Depot earnings earlier in the ...
Next week, key retail earnings from Walmart, Target, and Home Depot will provide insights into the health of the U.S. consumer amid high borrowing costs and a slow housing market. Home Depot's report will highlight home improvement demand, Target's w...
The Schwab U.S. Dividend Equity ETF (SCHD) focuses on high-quality companies with strong financials and a history of growing dividends, rather than chasing the highest yields. While its yield is around 3% to 4%, SCHD has delivered strong long-term re...
