India, May 19 -- Home improvement retailer Home Depot, Inc. reported Tuesday lower first-quarter earnings, hurt by higher expenses, even as net sales and comparable sales were higher. Further, the firm maintained fiscal 2026 outlook.
In pre-market activity on the NYSE, the shares were gaining around 0.7 percent, trading at $302.25.
Ted Decker, chair, president and CEO, said, "Our first quarter results were in line with our expectations. The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure."
Looking ahead for fiscal 2026, the company continues ot expect earnings per share and adjusted earnings per share to grow approximat...