Overview
- Home Depot projected fiscal 2026 comparable sales of flat to 2% and adjusted earnings per share growth of roughly flat to 4%.
- The guidance came in below analysts’ averages, with LSEG data pointing to 2.34% comp growth and 5.6% EPS growth expected.
- Shares fell after the update ahead of the investor event, slipping about 1.6% in early trading and leaving the stock down roughly 10% year to date.
- The company outlined a market-recovery scenario in which comparable sales could rise 4% to 5% if housing activity improves.
- Management emphasized investments in professional customers, employees and store operations, and plans to open 15 to 20 new stores annually while aiming to grow faster than the market.