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Home Depot Posts Lower Profit Amid Slow Home Improvement Activity

Provided by Dow Jones

By Nicholas G. Miller

Home Depot reported lower first-quarter profit as a stagnant housing market continues to weigh on home improvement activity.

The company posted net income of $3.29 billion, or $3.30 a share, compared with $3.43 billion, or $3.45 a share, the year prior.

Adjusted earnings were $3.43 a share. Analysts polled by FactSet expected $3.41 a share.

Net sales rose 4.8% to $41.77 billion. Wall Street expected $41.59 billion. Comparable sales rose 0.6%, missing analysts' forecast of 0.8%.

The company reiterated its guidance for fiscal 2026 comparable sales growth of flat to 2% and adjusted earnings growth of flat to 4%.

"The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure," said Chief Executive Ted Decker.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

May 19, 2026 06:16 ET (10:16 GMT)

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