Home Depot Beats Q1 Earnings Estimates, Reaffirms Full-Year Outlook
Home Depot reported first-quarter sales of $41.8 billion and adjusted earnings per share of $3.43, exceeding Wall Street expectations. The home improvement retailer also reaffirmed its full-year guidance, signaling confidence in its performance despite a challenging macroeconomic environment. The results were driven by continued demand for home improvement projects and professional contractor services. The company's strong quarterly performance reflects its ability to navigate supply chain disruptions and inflationary pressures. Home Depot's reaffirmed outlook suggests sustained growth in the housing and renovation sectors.
Key facts
- Home Depot posted $41.8 billion in first-quarter sales.
- Adjusted EPS was $3.43, topping Wall Street expectations.
- The company reaffirmed its full-year outlook.
- Results were driven by demand for home improvement and contractor services.
- The company navigated supply chain and inflation challenges.
Entities
Institutions
- Home Depot
Sources
- Quartz —