Home Depot 4Q Profit Falls As Home Improvement Downturn Continues

Dow Jones

Feb 24

By Nicholas Miller

Home Depot reported lower fourth-quarter profit as economic uncertainty, high interest rates and a stagnant housing market continue to weigh on home improvement activity.

The company reported net income of $2.6 billion, or $2.58 a share, down from $3 billion, or $3.02 a share, the year prior.

Adjusted earnings were $2.72 a share. Analysts polled by FactSet expected $2.53 a share.

Sales fell 3.8% to $38.2 billion, beating Wall Street's forecast of $38.09 billion.

Comparable sales increased 0.4%.

The company reiterated its fiscal 2026 guidance of comparable sales growth of flat to 2% and adjusted earnings-per-share growth of flat to 4%.

Home Depot has said that economic uncertainty, including slipping home prices and a wobbly job market, have led homeowners to delay remodeling projects. High interest rates have also particularly curtailed discretionary upgrades that homeowners typically fund with financing, while a stagnant housing market has limited the home improvement projects that come with housing turnover.

Write to Nicholas Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

February 24, 2026 06:00 ET (11:00 GMT)

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Analysts polled by FactSet expected $2.53 a share. \n\n\n  Sales fell 3.8% to $38.2 billion, beating Wall Street's forecast of $38.09 billion. \n\n\n  Comparable sales increased 0.4%. \n\n\n  The company reiterated its fiscal 2026 guidance of comparable sales growth of flat to 2% and adjusted earnings-per-share growth of flat to 4%. \n\n\n  Home Depot has said that economic uncertainty, including slipping home prices and a wobbly job market, have led homeowners to delay remodeling projects. High interest rates have also particularly curtailed discretionary upgrades that homeowners typically fund with financing, while a stagnant housing market has limited the home improvement projects that come with housing turnover. \n\n\n  Write to Nicholas Miller at nicholas.miller@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2026 06:00 ET (11:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}