• The Home Depot fiscal Q1 2026 earnings call featured CEO Ted Decker, Senior EVP Ann-Marie Campbell, Merchandising EVP Billy Bastek, CFO Richard McPhail, VP of IR and Treasurer Isabel Janci, and EVP of Pro Mike Rowe.
• Sales rose 4.8% to USD 41.8 billion, comparable sales increased 0.6%, gross margin fell 75 bps to 33%, and adjusted diluted EPS declined to USD 3.43 from USD 3.56.
• Management reaffirmed fiscal 2026 guidance for comparable sales of flat to 2% growth, total sales growth of about 2.5% to 4.5%, operating margin of about 12.4% to 12.6%, and net interest expense of about USD 2.3 billion; a higher second-half comp was tied to an assumption of a return to normal storm activity rather than a demand rebound.
• Home Depot highlighted a push to deepen Pro penetration, citing outperformance versus DIY and stronger growth in complex purchase occasions; Pro trade credit adoption was described as gaining momentum, helped by 30-day payment terms upon shipment.
• Strategic actions included completing the Mingledorff’s acquisition to expand HVAC distribution, targeting a USD 100 billion HVAC market and lifting total addressable market to USD 1.2 trillion; store execution changes included shifting more tasking to the Merchandising Execution Team in over 1,000 stores, aiming for full rollout by end of fiscal 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Home Depot Inc. published the original content used to generate this news brief on May 20, 2026, and is solely responsible for the information contained therein.