Home Depot beats quarterly estimates on smaller project demand

Retail & Consumer Retail Written by: Angela Harmantas 10:16 Tue 18 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Home Depot Inc ( NYSE:HD XETRA:HDI ) View Price & Profile Home Depot beats quarterly estimates on smaller project demand Published: 10:16 18 Aug 2026 EDT Home Depot Inc (NYSE:HD, XETRA:HDI) on Tuesday reported second-quarter sales and profit that topped Wall Street estimates, as demand for smaller home improvement projects helped drive comparable sales higher. The home improvement retailer posted sales of $47.9 billion, up 5.7% from a year earlier and ahead of analyst estimates of $47.27 billion. Adjusted earnings came in at $4.92 per share, above the $4.73 expected and up 5.1% from the prior year. Comparable sales rose 1.7%, well above the 0.7% analysts had forecast. In the US, comparable sales climbed 1.3%. Net income reached $4.8 billion, a 4% increase from a year earlier. According to Jefferies, comparable sales outperformed both Street and management expectations, with a 2.8% rise in average ticket size more than offsetting a 1% drop in customer traffic. The brokerage said continued demand in smaller project categories supported the results. Home Depot affirmed its full-year guidance, projecting total sales growth of 2.5% to 4.5% and adjusted earnings growth ranging from flat to 4%. The company expects comparable sales growth of flat to 2% for the year. Adjusted operating income for the quarter was $7 billion, up 4.8% year over year, though adjusted operating margin slipped 10 basis points to 14.7%. Jefferies noted that investor attention on the earnings call is likely to focus on the extent to which IEPPA refunds can offset elevated raw material costs. The company opened 15 new stores during the quarter. Shares edged 0.7% higher Tuesday morning. Continue reading