Home Depot Reports Q1 Revenue of $41.77B, Beats Estimates; Full-Year Guidance Narrowed

Home Depot reported Q1 revenue of $41.77 billion, exceeding market estimates of $41.6 billion. Adjusted earnings per share came in at $3.43, surpassing the consensus estimate of $3.41. However, comparable-store sales rose 0.6% in the quarter, missing expectations of 0.9% growth.

The company maintained its full-year revenue growth guidance at 2.5% to 4.5%, while narrowing comparable-store sales guidance to 0% to 2% growth, below market expectations of 1.55%.