The Home Depot reported stronger-than-expected first-quarter results Tuesday, as the retailer said its core homeowner customers remain financially stable despite rising fuel prices and weak consumer confidence.
The company posted adjusted earnings of $3.43 per share on revenue of $41.77 billion, topping Wall Street expectations, according to company figures and analyst estimates cited in the report. Sales rose nearly 5% from a year earlier.
Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5% https://t.co/xgkShHfYWu
— CNBC (@CNBC) May 19, 2026
Finance chief Richard McPhail told CNBC that homeowners continue spending on maintenance and smaller projects, though many are still delaying large renovations because of economic uncertainty and a sluggish housing market.
Comparable sales increased just 0.6%, missing analyst expectations, while customer transactions declined for a fourth consecutive quarter. The report said higher mortgage rates and Middle East tensions continue pressuring the housing sector.
Home Depot reaffirmed its full-year outlook and highlighted its push into the professional contractor market through acquisitions such as SRS Distribution and GMS to strengthen long-term growth.
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