Home Depot releases transcript of Q2 2026 earnings call
Reuters2026/08/18 20:19- Home Depot discussed fiscal Q2 2026 results on Aug. 18 with EVP/CFO Richard McPhail, Senior EVP Ann-Marie Campbell, EVP Merchandising Billy Bastek.
- Q2 sales USD 47.9 billion, up 5.7%; comparable sales up 1.7% overall, up 1.3% in the U.S.; adjusted EPS USD 4.92.
- Received USD 730 million IEEPA tariff refunds; USD 685 million reduced COGS in Q2, USD 45 million stayed in inventory.
- Management reaffirmed full-year comp guidance of flat to 2% growth; total sales growth seen at about 2.5% to 4.5%.
- Launched nationwide Express Delivery for tens of thousands of items within three hours; online comparable sales rose 11%.
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