Home Depot posts solid 2nd quarter gains, but housing slump leaves outlook unchanged for rest of 2026

Revenue increased to $47.86 billion from $45.28 billion, beating Wall Street’s expectations.

FILE – Exterior view of a Home Depot in Uniontown, Pa., on Friday, June 5, 2026. [Photo: Gene J. Puskar/AP Photo]

Home Depot’s sales improved during its second quarter as customers focused on smaller projects during the summer months with the U.S. housing sector still mired in a slump.Revenue increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall Street had expected, according to a survey by FactSet.Globally, sales at stores open at least a year, a key indicator of a retailer’s health, climbed 1.7%. In the U.S., comparable store sales rose 1.3%.“We saw broad based demand across the business as customers continued to engage in smaller projects,” Chief Financial Officer Richard McPhail said in prepared remarks Tuesday.Customer transactions slipped 1% in the quarter, but the amount shoppers spent rose to $92.50 per average receipt from $90.01 a year earlier.Healthy spending on smaller projects during the quarter is........

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