The Home Depot reported strong second-quarter results, with sales increasing by 5.7 per cent year-on-year to $47.9bn.
This marks a significant increase compared to the year prior, with a $2.6bn sales growth. The company’s net earnings for the second quarter of fiscal 2026 were $4.8bn, up from $4.6bn from the same period last year.
The arts and crafts retailer’s comparable sales for the second quarter of 2026 increased by 1.7 per cent and comparable sales in the US went up by 1.3 per cent.
The company’s adjusted diluted earnings per share for the second quarter of fiscal 2026 were $4.92, an increase from adjusted diluted earnings per share of $4.68 last year.
Richard McPhail, EVP and chief financial officer said: “Our second quarter results exceeded our expectations. We saw broad-based demand across the business as customers continued to engage in smaller projects.”
Ann-Marie Campbell, senior EVP of The Home Depot added: “This quarter’s results were a testament to our investments across the business and our associates’ focus on customer service.
“Our teams did an exceptional job executing throughout a dynamic environment, and I would like to thank them for their continued hard work and dedication.”
Moving forward, the retailer has reaffirmed its future outlook, which includes the impact of tariff refunds, which are expected to offset unplanned fuel, energy, and other product input costs.
The Home Depot forecasted full-year total sales growth of approximately 2.5 per cent to 4.5 per cent and a comparable sales growth of approximately flat to 2 per cent.
Additionally, the arts and crafts retailer plans to open approximately 15 new stores during the year.
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