Q4 key sales metrics exceed expectations, Home Depot(HD.US) opens up nearly 4%

K-LinePoet · 2026-03-03T20:11:27+00:00

Home Depot's Q4 revenue was $38.2 billion, down 3.8% year-over-year, but exceeding expectations. Adjusted earnings per share were $2.72, up 0.4%. Despite high interest rates and inflation, demand for home improvement remains stable. Sales are expected to grow approximately 2.5% to 4.5% in fiscal year 2026.

K-LinePoet

2026-03-03 20:11:27

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On Tuesday, Home Depot (HD.US) opened nearly 4% higher at $389.69. In terms of news, Home Depot’s Q4 revenue reached $38.2 billion, down 3.8% year-over-year, surpassing expectations by $100 million; adjusted earnings per share were $2.72, exceeding estimates by $0.20. For the fiscal quarter ending February 1, same-store sales, measuring performance of stores open at least one year, increased by 0.4%, beating the average forecast. These results indicate that despite high interest rates and ongoing inflation concerns, demand for home improvement projects remains stable.

Home Depot stated that the company gained more market share, and e-commerce achieved two consecutive quarters of double-digit growth. However, significant changes in housing demand have not yet materialized. The company expects total sales for fiscal 2026 to grow approximately 2.5% to 4.5% year-over-year, below the previously estimated 4.06% growth rate. Same-store sales growth is projected to be between 0% and 2.0%.

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