Quarterly ResultMay 27, 2026, 06:07 AM
Home Depot Q1 Net Sales $41.77B, EPS $3.30; Earnings Decline 4.2%
AI Summary
Home Depot reported mixed results for the first quarter of fiscal 2026, with net sales increasing by 4.8% to $41.77 billion, while net earnings decreased by 4.2% to $3.29 billion, resulting in diluted earnings per share of $3.30. The company generated strong cash flow from operations of $6.03 billion and increased its quarterly cash dividend to $2.33 per share. Comparable sales turned positive at 0.6%, though comparable customer transactions declined. Share repurchases remained paused during the quarter.
Key Highlights
- Net sales increased 4.8% to $41.77 billion for Q1 fiscal 2026.
- Net earnings decreased 4.2% to $3.29 billion, with diluted EPS at $3.30.
- Cash flow from operations surged 39.5% to $6.03 billion.
- Comparable sales rose 0.6%, while comparable customer transactions fell 1.3%.
- Quarterly cash dividend increased 1.3% to $2.33 per share.
- Primary segment net sales were $37.76 billion; Other (SRS) net sales were $4.00 billion.
- Repaid $1.4 billion of long-term debt and $1.0 billion of commercial paper.
- Share repurchases remain paused, with $11.7 billion authorization remaining.
Price Impact
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