Home Depot exceeded its expectations in Q2 fiscal 2026: Sales rose 5.7% to $47.9 billion, comparable sales increased 1.7%, and adjusted EPS grew 5.1% to $4.92. Demand was broad-based, with 13 of 16 merchandising departments posting positive comparable sales and professional customers outperforming DIY shoppers. Digital and delivery investments gained traction: Online comparable sales climbed 11% for a fifth consecutive quarter of double-digit growth.
Home Depot also expanded Express Delivery nationwide and reported improving same-day, next-day and big-and-bulky delivery performance. The company reaffirmed its full-year outlook despite tariff-related margin benefits that are expected to be offset by higher fuel, energy and product costs. Management continues to cite housing affordability and low housing turnover as pressures on larger discretionary projects.
Home Depot Analysts See a Path to $375 and Beyond Home Depot (NYSE:HD) reported second-quarter fiscal 2026 sales growth and comparable-sales gains that exceeded its expectations, as demand broadened across much of the business despite continued pressure on larger discretionary home-improvement projects. Sales rose 5.7% from a year earlier to $47.9 billion, while total comparable sales increased 1.7% and U.S. comparable sales rose 1.3%. Adjusted diluted earnings per share increased 5.1% to $4.92, from $4.68 in the prior-year quarter.
Reported diluted EPS was $4.79, compared with $4.58 a year earlier. → AMG's Alternatives Boom Powers Record Growth Buy the Dip or Run: 3 Software Stocks Down 50% Face Their Moment of Truth Chief Financial Officer Richard McPhail said the results reflected broad-based demand and execution by the company's teams. He said the Northern and Western U.S. divisions posted positive comparable sales, while Canada and Mexico also recorded positive comps. McPhail also addressed Ted's temporary medical leave of absence, announced the prior week, saying the company wished him a quick recovery and expected his return in a few months. → Microsoft's Maia 300 Chip Targets NVIDIA's AI Dominance Confidence Is Back, But Earnings Show the Consumer Is Being Picky Executive Vice President of Merchandising Billy Bastek said 13 of Home Depot's 16 merchandising departments posted positive comparable sales during the quarter.
The positive departments included storage, electrical, hardware, power, plumbing, indoor garden, kitchen, paint, bath, outdoor garden, building materials, flooring and millwork. The company's comparable average ticket increased 2.8%, while comparable transactions declined 1%. Big-ticket transactions of more than $1,000 rose 2.4%.
Bastek said portable power and patio performed well, while larger discretionary projects remained under pressure. → The Metals Company's Big Bet Now Comes Down to a License Professional customers posted positive comparable sales and outperformed do-it-yourself customers. Bastek cited pro-category strength in portable power, decking, dimensional lumber, pipe and fittings, fasteners, hand tools and concrete. DIY demand was strongest in spring-related categories including live goods, mulch, soils, hardscapes, storage, patio and grills.
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