HD · 10-Q · 2026Q3 · Full report

Macroeconomic Consumer Pressure

HOME DEPOT, INC. · 2026-08-25 · Importance 31 · Surprise 32

Home Depot reported that consumer uncertainty and housing affordability pressure continued to affect home improvement demand in the second quarter and first six months of fiscal 2026. Customer engagement remained concentrated in smaller repair and maintenance projects despite these conditions. The Company’s comparable sales increased 1.7% in the second quarter and 1.2% for the first six months, while comparable customer transactions declined 1.0% and 1.2%, respectively. Comparable average ticket increased 2.8% in the quarter and 2.5% year to date, indicating higher spending per transaction partially offset weaker transaction volume.