The Bad PlaceUS Top News and Analysis | Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5%
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Home Depot reported first‑quarter earnings that beat Wall Street expectations, with adjusted earnings of $3.43 per share versus the $3.41 forecast and revenue of $41.77 billion, up about 5% from a year earlier. Chief financial officer Richard McPhail said the retailer’s core “homeowner” shopper remains financially resilient despite higher gasoline prices, declining consumer confidence, and geopolitical tensions, though customers are still cautious about larger projects and tend to defer big‑ticket spending. The company reaffirmed its full‑year guidance, projecting fiscal‑2026 sales growth of 2.5%–4.5% and EPS growth of up to 4%. Home Depot is also expanding its professional‑contractor business, having acquired SRS Distribution, GMS, and the recent SRS purchase of Mingledorff’s, positioning itself to capture a share of the roughly $700 billion pro‑market.
Read more: https://www.cnbc.com/2026/05/19/home-depot-hd-q1-2026-earnings.html
#HomeDepot #RichardMcPhail #SRSDistribution #GMS #WallStreet
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