The Home Depot, Inc. (HD) Earnings Call Transcripts
The Home Depot, Inc.'s Latest Earnings Call - Q1 FY2027
In the first quarter of fiscal 2026, Home Depot reported total sales of $41.8 billion, reflecting a 4.8% increase year-over-year, but adjusted diluted earnings per share decreased to $3.43 from $3.56. The company reaffirmed its guidance for fiscal 2026, expecting comp sales growth between flat to 2% and total sales growth of 2.5% to 4.5%. Management highlighted ongoing consumer engagement in spring-related projects despite economic pressures, indicating resilience in their core customer base.
Reported metrics
| Metric | Value |
|---|---|
| Total Sales | $41.8B (beat) |
| Adjusted EPS | $3.43 (miss) |
| Comp Sales Growth | 0.6% (inline) |
| Gross Margin | 33% (miss) |
| Operating Margin | 11.9% (miss) |
| Inventory Turnover | 4.2x (miss) |
Guidance from management
Management reaffirmed fiscal 2026 guidance for comp sales growth between flat to 2% and total sales growth of 2.5% to 4.5%. They expect adjusted EPS to increase by flat to 4% compared to fiscal 2025.
What management said
Scot, we don't disclose that. But as you can imagine, we look at all our transactions in sales by ticket size, $0 to $20, $20 to $50, et cetera, up, including over $1,000. And then we also look at items per basket in each of those sales cohorts and then also breadth of departments that are represented in those baskets. And as you can imagine, the larger baskets with more items in that basket also tend to have a broad...
Yes, we're not looking at a marked improvement in underlying demand. We are looking at a higher comp in the second half of the year, and that is solely driven by a return to normal store activity.
What analysts pressed on
Analysts expressed concerns about the impact of rising interest rates and energy prices on consumer spending. There were questions regarding the sustainability of comp sales growth amid economic pressures and whether Home Depot would need to adjust its capital allocation strategy in response to prolonged softness in demand.
Main topics on the call
- Revenue Growth — Home Depot achieved total sales of $41.8 billion, a 4.8% increase from the previous year. Management noted that 'the underlying demand in our business was relatively similar to what we saw throughout fiscal 2025'.
- Earnings Decline — Adjusted diluted EPS decreased to $3.43, down from $3.56 in the prior year, reflecting a 3.7% decline. This was described as 'in line with our expectations'.
- Comp Sales Performance — Comp sales increased by 0.6%, with U.S. comps up 0.4%. Management indicated that 'in the U.S., our Northern and Western divisions had positive comps as customers engage in outdoor projects when weather was favorable'.
- Acquisition of Mingledorff's — The acquisition of Mingledorff's enhances Home Depot's position in the HVAC market, expanding their addressable market to $1.2 trillion. Management stated it provides 'an incredible opportunity to penetrate the national ...
Read the full The Home Depot, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Home Depot, Inc.
The Home Depot, Inc. (HD) is a publicly listed company in the Specialty Retail industry, within the Consumer Discretionary sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 50 calls on record spanning February 25, 2020 to May 19, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 50 The Home Depot, Inc. earnings call transcripts on record, spanning February 25, 2020 to May 19, 2026. Based on this history, The Home Depot, Inc. reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- HD
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Calls on record
- 50
- First call
- February 25, 2020
- Most recent
- May 19, 2026
- Reporting cadence
- quarterly