Home Depot Q1 Profit Falls as Cost Growth Outpaces Revenue
Home Depot reported first-quarter fiscal 2026 net sales of $41.76 billion, a 4.8% year-on-year increase, but rising costs led to a decline in profitability with earnings dropping by 4.2%. The company plans for around 15 new store openings during the fiscal year and maintains its full-year outlook.
Tickers: $HD
Topics: costs profitability retail sales_growth