The world’s two largest home improvement retailers published financial results for the first quarter of fiscal year 2026.
The Home Depot, Atlanta, GA, reported first quarter, which ended May 3, net sales were $41.8 billion, up 4.8% over the comparable period in 2025. Net earnings fell 4.2% to $3.3 billion when compared to Q1 of fiscal year 2025. The company continues to expect total sales growth of 2.5% to 4.5% in 2026. See The Home Depot
The Lowe’s Companies, Mooresville, NC, published first-quarter results, which ended May 1, with net sales of $23.1 billion, 10.3% higher than Q1 2025. Net earnings dipped 0.8% to $1.6 billion when compared to the first quarter last year. Total net sales in 2026 are expected to rise between 7% and 9%. See Lowe’s Company