The Home Depot, Inc. (HD) Announced Q1 2027 Earnings on May 19, 2026, Reporting Sales for the first quarter were $41.8 billion

The Home Depot, Inc. reported sales for the first quarter were $41.8 billion, representing an increase of 4.8% from the same period last year.

Total company comparable sales for the first quarter increased 0.6% and U.S. comparable sales increased 0.4%.

Diluted earnings per share for the first quarter were $3.30, and adjusted diluted earnings per share were $3.43.

The company reported a gross margin of 33% for the first quarter, which was a decrease of approximately 75 basis points from the first quarter of last year.

Operating margin for the first quarter was 11.9%.

Management stated they remain focused on their strategy of driving our core and culture delivering a frictionless interconnected experience and winning the Pro.

The company announced the completed acquisition of Mingledorffs, a wholesale distributor of heating, ventilation and air conditioning equipment. To improve customer service, the company has transitioned over 1,000 stores to distinct merchandising execution teams.

Digital initiatives include an AI-powered material list builder and a project management tool within the Pro digital workspace that allows for real-time delivery tracking and purchase history viewing.

The company reaffirmed its fiscal 2026 guidance, expecting total sales growth of between approximately 2.5% and 4.5% and comparable sales growth to range between flat to 2% growth.

For the full fiscal year, the company expects adjusted diluted earnings per share to increase approximately flat to 4%.

The Home Depot plans to open approximately 15 new stores and 40 to 50 new SRS locations during the fiscal year.

Executives noted that underlying demand in the first quarter was relatively similar to fiscal 2025 despite consumer uncertainty and housing affordability pressure.