Home Depot Earnings Preview: Can Pro Demand Offset Weak Housing Market?

Home Depot's fiscal first quarter saw revenue increase by 4.8% year over year to $41.8 billion, largely due to acquisitions and currency movements.

However, comparable sales rose only 0.6%, while U.S. comparable sales increased just 0.4%. Net earnings declined to $3.3 billion from $3.4 billion the previous year, with adjusted diluted EPS falling to $3.43 from $3.56.

The company's management stated that demand was broadly similar to fiscal 2025 despite greater consumer uncertainty and housing affordability pressure.

One key area to watch in the upcoming report is comparable sales growth, as it can provide a clearer signal of the underlying consumer's willingness to spend.