Home Depot tops expectations for core spring selling quarter
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Home Depot earnings beat as mortgage rates climb to 9-month high
Home Depot earnings fell less than views, but same-store sales missed. Home-improvement rival Lowe's is due Wednesday. The stocks are ailing.
Home Depot beat Wall Street's expectations on the top and bottom lines, even as some shoppers pulled back on larger projects.
Home Depot reported lower fiscal first-quarter profit and Chief Financial Officer Richard McPhail said in an interview that homeowners are continuing to pull back on large home-improvement projects due to economic uncertainty.
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May 19 (Reuters) - Home Depot beat Wall Street estimates for first-quarter sales on Tuesday, helped by resilient demand from professional customers and homeowners taking up smaller budget-friendly repair projects.
The headline numbers for Home Depot (HD) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DeWalt tool deals on drills drivers, sets, multitools, sanders, batteries, saws, and chargers at Home Depot for Memorial Day.
Home improvement retailers have suffered from a stagnant housing market that has shown little sign of picking up anytime soon. Home Depot and Lowe's rely on housing turnover to drive sales since homeowners often undertake remodeling projects before selling or after buying a home.
Home Depot reported earnings Tuesday as investors look for signs that weak housing demand and cautious consumers are still weighing on home-improvement sales.