Overview
- Home Depot reported its fiscal first‑quarter results on May 19, with revenue of $41.8 billion and global comparable sales up 0.6 percent while U.S. comps rose 0.4 percent.
- Profitability slipped as GAAP EPS fell to $3.30 and adjusted EPS declined to $3.43, driven by a roughly 3 percent drop in operating income and ongoing margin pressure.
- Management reaffirmed full‑year guidance for mid single‑digit sales growth, flat to modest EPS growth, and about 15 new stores while noting April sales softened after positive trends in February and March.
- Executives said professional contractor sales outpaced DIY customers and highlighted recent acquisitions and product contributions from GMS as part of a deliberate shift to capture more recurring Pro spend.
- Analysts trimmed price targets after the print and the share price remains about 25–30 percent below its 52‑week high, leaving investor focus on whether Pro expansion and new AI and digital tools will restore stronger profit growth.