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Geoffrey Seiler, The Motley Fool
Sat, May 23, 2026 astatine 9:05 AM CDT 4 min read
For the sixth consecutive quarter, Home Depot (NYSE: HD) squeezed retired affirmative U.S. same-store income erstwhile it reported its fiscal first-quarter results connected May 19. That follows a play successful which the institution saw its U.S. same-store income diminution for 8 consecutive quarters. In a spot of irony, the banal held up precise good during this pugnacious income stretch, but much recently, the stock terms is down astir 30% from its highs contempt turning the country connected the income front.
Let's instrumentality a person look astatine the location betterment retailer's fiscal Q1 study and prospects to spot if present is simply a bully clip to bargain the stock.
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Same-store income proceed to borderline higher
Home Depot saw its planetary comparable-store income borderline up 0.6% higher successful fiscal Q1, marking its 4th consecutive 4th of affirmative growth. Meanwhile, U.S. same-store income maturation accrued by 0.4%. While it hasn't seen robust maturation implicit the past year, it's been a dependable betterment compared to the anterior 2 years, arsenic seen successful the array below.
| Q3 2022 | 4.3% | 4.5% |
| Q4 2022 | (0.3%) | (0.3%) |
| Q1 2023 | (4.5%) | (4.6%) |
| Q2 2023 | (2%) | (0.2%) |
| Q3 2023 | (3.1%) | (3.5%) |
| Q4 2023 | (3.5%) | (4%) |
| Q1 2024 | (2.8%) | (3.2%) |
| Q2 2024 | (3.3%) | (3.6%) |
| Q3 2024 | (1.3%) | (1.2%) |
| Q4 2024 | 0.8% | 1.3% |
| Q1 2025 | (0.3%) | 0.2% |
| Q2 2025 | 1% | 1.4% |
| Q3 2025 | 0.2% | 0.1% |
| Q4 2025 | 0.4% | 0.3% |
| Q1 2026 | 0.6% | 0.4% |
Data source: Home Depot net reports. Home Depot's fiscal quarters extremity astir 1 period aft modular calendar quarters. Table by author.
The same-store income maturation successful Q1 was led by a 2.2% summation successful mean summons size, portion transactions declined by 1.3%. Big-ticket items, which the institution defines arsenic those costing $1,000 oregon more, roseate 0.8%, portion pro income outperformed do-it-yourself buyers. Overall, 9 of Home Depot's 16 merchandise categories recorded affirmative same-store income growth.
Home Depot's full gross accrued by 4.8% twelvemonth implicit twelvemonth to $41.77 billion, portion adjusted net per stock (EPS) fell 4% to $3.43. These results topped the expert consensus, which called for EPS of $3.41 connected $41.52 cardinal successful sales, according to information compiled by LSEG.
Looking ahead, Home Depot maintained its full-year guidance for gross to summation from 2.5% to 4.5%. It is looking for same-store income to beryllium level to up 2% for the year.
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