Home Depot profit falls, but tops expectations in the face of economic uncertainty
Home Depot reported a profit decline in the first quarter, yet exceeded Wall Street expectations. The company benefited from strong demand from professional customers and homeowners preparing for spring. Despite economic uncertainties and a stagnant housing market, Home Depot anticipates modest sales growth for the fiscal year.
- ▪Home Depot earned $3.29 billion in the first quarter, down from $3.43 billion a year earlier.
- ▪Revenue increased to $41.77 billion, surpassing Wall Street's expectations.
- ▪Comparable store sales rose 0.4% in the U.S., while customer transactions declined by 1.3%.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onHome Depot profit falls, but tops expectations in the face of economic uncertaintyHome Depot’s results beat Wall Street’s expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring suppliesByMICHELLE CHAPMAN AP business writerMay 19, 2026, 6:19 AM1:48FILE - A view of the exterior of the Home Depot improvement store, in Niles, Ill., on Feb. 19, 2022. (AP Photo/Nam Y. Huh, File)The Associated PressHome Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies.
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