Home Depot and Lowe's reported second-quarter fiscal 2026 results this week, offering a mixed read on the U.S. consumer and housing market. Home Depot posted sales of $47.86 billion, up nearly 6% and above estimates of $47.23 billion, with adjusted earnings of $4.92 per share beating expectations of $4.71, and reaffirmed its full-year outlook. Lowe's generated sales of $25.95 billion, up 8% but missing estimates of $26.13 billion, and lowered its fiscal 2026 forecast to total sales of approximately $92 billion, flat comparable sales, and adjusted EPS of roughly $12.25, down from its prior range of $12.25 to $12.75. Both retailers cited elevated borrowing costs, housing affordability concerns, and weak housing turnover as constraints on larger discretionary renovations, while smaller repair and maintenance projects and professional customer demand remained relatively healthy.
The Home Depot IncHome Depot beat Q2 estimates and reaffirmed full-year outlook.
Lowe's Companies IncLowe's missed sales estimates and lowered its fiscal 2026 guidance.
