Home Depot forecasts FY 2026 sales growth of 2.5%-4.5%

Home Depot

24/02/2026 11:09

Overview

Home improvement retailer's fiscal Q4 sales slightly beat analyst expectations

Adjusted EPS for fiscal Q4 beat analyst expectations

Company announced 1.3% increase in quarterly dividend

Outlook

Home Depot forecasts fiscal 2026 sales growth of 2.5% to 4.5%

Company expects fiscal 2026 diluted EPS to grow flat to 4.0% from $14.23

Home Depot plans to open approximately 15 new stores in fiscal 2026

Result Drivers

SHORTER QUARTER - Q4 2025 had one less week compared to Q4 2024, impacting sales figures

STABLE DEMAND - Co said underlying demand was stable despite lack of storm activity and consumer uncertainty

MARKET SHARE - Co credited its teams for engaging with customers and growing market share

Company press release: ID:nCNWZBpxDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Beat*
$38.20 bln
$38.12 bln (25 Analysts)
Q4 Adjusted EPS
Beat
$2.72
$2.54 (28 Analysts)
Q4 EPS
$2.58
Q4 Net Income
$2.57 bln
Q4 Comparable sales Growth
0.40%
Q4 Operating Income
$3.85 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

Wall Street's median 12-month price target for Home Depot Inc is $406.00, about 7.7% above its February 23 closing price of $376.99

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)