Home Depot down after reaffirming annual forecast despite quarterly beat

Lowes Companies

19/05/2026 15:02

Shares of home improvement retailer Home Depot HD.N slip as much as 3.6% to $289.10, lowest since November 2023

** HD flags choppy demand for bigger remodels as Americans cut back spending amid mounting macroeconomic volatility and persistent housing affordability strain

** Reaffirms full-year targets after posting higher-than-expected Q1 results, helped by resilient demand for smaller, budget-friendly repairs

** Reports Q1 revenue of $41.77 bln; average analysts' estimate was $41.52 billion - data compiled by LSEG

** Q1 EPS of $3.43 topped est. of $3.41

** "We view the results as stable, still more ticket​-​driven and likely not enough to really change sentiment"- Barclays

** Rival Lowe's LOW.N shares down 1.2% after HD results

** As of last close, HD down ~13% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))