HD · News · 20260826N

Gross Margin Drivers

HOME DEPOT, INC. · 2026-08-26 · Importance 34 · Surprise 42

A significant tariff refund boosted Home Depot’s reported quarterly earnings and adjusted EPS of $4.92. The refund creates a nonrecurring benefit that makes underlying earnings performance less representative of ongoing operating results. Integrating SRS’s broader distribution catalog into Home Depot stores is also affecting gross margins, although the strategy is intended to support Pro-channel growth.

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