New York, February 24, 2026, 15:26 EST — Regular session
- Home Depot shares climbed in afternoon trading, with quarterly results coming in ahead of forecasts.
- The retailer bumped up its dividend and set out some cautious growth goals for fiscal 2026.
- Next up: Investors are eyeing housing turnover numbers and Lowe’s results, set for Feb. 25, for fresh cues.
Home Depot jumped roughly 3% Tuesday, with shares trading near $389 following a quarterly earnings beat and a dividend hike from the retailer. (Yahoo Finance)
Home Depot’s earnings are grabbing attention right now, given its tight link to the U.S. housing cycle. If homeowners are under financial pressure or stuck in place, those larger renovation plans usually get delayed—making the company’s “project” segment unpredictable.
The timing of this report coincides with the arrival of spring, a period that usually brings more shoppers into home-improvement stores. Investors are weighing if demand is flattening out or simply shifting toward less expensive, scaled-down projects.
Home Depot posted fourth-quarter sales of $38.2 billion, a 3.8% decline, with net earnings landing at $2.6 billion, or $2.58 a share, for the 13 weeks through Feb. 1. Adjusted earnings reached $2.72 per share. Comparable sales, which track revenue at stores open for at least a year, edged up 0.4%. Last year’s comparable quarter got a boost from an extra week—roughly $2.5 billion in added sales, according to the company. “Underlying demand was relatively stable throughout the year,” CEO Ted Decker said. (Home Depot Investor Relations)
The company bumped its quarterly dividend to $2.33 a share, up 1.3%. Shareholders of record as of March 12 will see the payout on March 26. Looking ahead to fiscal 2026, it’s guiding for total sales growth in the 2.5% to 4.5% range, and comparable sales anywhere from flat to up 2%. Adjusted EPS is projected to land roughly flat to 4% higher. About 15 new store openings are planned. (The Home Depot)
Home Depot beat the street, reporting numbers above the $2.53 per share and $38.09 billion revenue that FactSet analysts had penciled in. Shares jumped over 3% in premarket action after the results landed. (AP News)
According to Axios, Home Depot executives flagged rising customer concerns over housing affordability, job security, and the cost of financing. Quarterly transactions dropped 1.6%, but the average ticket climbed 2.4%, and purchases over $1,000 edged up 1.3%. “Projects undertaken down by 1.5%,” noted Neil Saunders, managing director at GlobalData, highlighting stress in larger-scale work. (Axios)
The forecast continues to hinge on a housing market that hasn’t gained significant momentum. If borrowing remains difficult and homeowners delay larger renovations, comparable sales might not see much lift, even with prices moving higher.
Home Depot filed its 8-K on Tuesday, including both its latest earnings release and guidance for the fiscal quarter and full year ended Feb. 1. The company’s filing is available here on the SEC website.
Lowe’s fourth-quarter numbers drop Wednesday, Feb. 25, before the bell. Analysts are looking for $1.94 a share in profit, with revenue hitting $20.34 billion, according to Seeking Alpha. (Seeking Alpha)
Home Depot shareholders are watching to see if customers start greenlighting larger renovations again, or if the shift to minor repairs sticks. Next up: Lowe’s earnings call on Wednesday.
