Overview
- Preliminary fiscal 2026 guidance calls for comparable sales of flat to up 2% and adjusted EPS of flat to up about 4%, both below typical analyst estimates.
- Management projects total sales growth of roughly 2.5% to 4.5% with an operating margin target of 12.4% to 12.6% and adjusted operating margin of 12.8% to 13%.
- The company reaffirmed its fiscal 2025 outlook, including about 3% total sales growth with contributions from the GMS acquisition and 12 planned store openings.
- Home Depot outlined a market‑recovery case with comparable sales up 4% to 5%, total sales up 5% to 6%, and mid‑to‑high‑single‑digit EPS growth if housing activity rebounds.
- Leaders highlighted investments in employees, store operations, and pro offerings, plans to open 15 to 20 stores per year near term, and a goal to grow faster than the overall market.