by Home improvement retailer also reports net income of $3.3 billion, compared with $3.4 billion last year
ATLANTA — Home improvement retailer Home Depot reported a 4.8% increase in revenue for its fiscal first quarter ended May 3.
The company’s sales totaled $41.8 billion, up $1.9 billion from $39.9 billion the same period last year. Comparable store sales rose .6% and comparable store sales in the U.S. rose .4%. It noted that foreign exchange rates positively impacted total company comparable sales by about 55 basis points.
It also reported net earnings of $3.3 billion, or $3.30 per share, compared with $3.4 billion, or $3.45 in net earnings for the same period in fiscal 2025.
“Our first quarter results were in line with our expectations,” said Ted Decker, board chairman, president and chief executive officer. “The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure. As always, our associates provided excellent customer service during the quarter, and I would like to thank them for their continued hard work and dedication to serving our customers.”
For the quarter, gross profit totaled $13.8 billion, or 33% of sales, compared with $13.5 billion, or 33.8% of sales the same period last year. Operating income totaled $5 billion, compared with $5.1 billion a year earlier.
Selling, general and administrative expenses totaled $8 billion, or 19% of revenue, compared with just over $7.5 billion, or 18.9% of revenue the same period last year.
Furniture is an important part of the company’s e-commerce platform. In addition to indoor residential furniture categories such as bedroom, dining, living room and home office, it sells a wide mix of patio and outdoor furniture plus bedding.
These items can be purchased online and either delivered to the consumer’s home or picked up at their local store.
