Home Depot Beats Q1 Earnings Forecasts, Tops $41.77 Billion in Revenue
Home Depot reported Q1 revenue of $41.77 billion, exceeding FactSet estimates of $41.59 billion. The company reaffirmed its full-year outlook despite mixed results.
HD reported fiscal first-quarter revenue of $41.77 billion, beating FactSet's $41.59 billion consensus and reaffirming its full-year guidance, sending shares higher in premarket trade. Comparable sales held up better than feared as a stronger spring selling season offset persistent weakness in large discretionary remodels.
Management framed the quarter as a core spring outperformance, citing pro-customer share gains and resilient transaction counts even as average ticket softened on lower lumber prices. The reaffirmed full-year outlook signals confidence that the worst of the housing-turnover drag is behind the business, though management stopped short of raising the bar.
The print sets a constructive tone for LOW's report next week and for the broader home-improvement read-through. Investors should watch back-half comp guidance, pro vs. DIY mix, and any commentary on mortgage-rate sensitivity ahead of a possible Fed easing cycle.
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