Home Depot sales rise to $41.8 billion on acquisition boost

The Home Depot (NYSE:HD) reported a 4.8% increase in net sales for the first quarter of fiscal 2026, navigating persistent housing market pressures and consumer uncertainty through expansion initiatives.

The Atlanta-based home improvement retailer generated $41.8 billion in net sales for the period, up from the $39.9 billion recorded in the first quarter of fiscal 2025.

Total company comparable sales ticked up by 0.6%, while domestic comparable sales in the U.S. grew 0.4%.

Foreign exchange fluctuations provided a positive impact of approximately 55 basis points to total comparable sales.

Net earnings arrived at $3.3 billion, representing a decline of approximately 4% compared to the prior-year period.

Diluted earnings per share came in at $3.30, down from $3.45 a year ago.

On an adjusted basis, diluted earnings per share fell to $3.43 from $3.56 in the same quarter last year.

Operating income for the quarter also retreated, dropping 3% to $5 billion.

Operational cash generation remained strong, with Home Depot reporting $6 billion in cash flow from operations, up from $4.3 billion in the first quarter of fiscal 2025.

The company concluded the quarter operating a footprint of 2,361 traditional retail stores alongside more than 1,280 SRS Distribution locations, which cater to the professional contractor ecosystem.

Meanwhile, management reaffirmed its full-year fiscal 2026 financial guidance.

Home Depot continues to forecast total sales growth between 2.5% and 4.5% and comparable sales performance ranging from flat to 2% growth.

Both diluted and adjusted diluted earnings per share for the full fiscal year are expected to register between flat and 4% growth compared to fiscal 2025.