Home Depot used its second-quarter fiscal 2026 earnings call to emphasize stronger Pro engagement and faster digital fulfillment while acknowledging continued pressure on larger discretionary home improvement projects. The company reported adjusted earnings of $4.92 per share, beating the Zacks Consensus Estimate of $4.71, and sales of $47.86 billion, topping the $47.23 billion estimate. Management kept its full-year outlook unchanged, reaffirming comparable sales growth of flat to 2% and total sales growth of approximately 2.5% to 4.5%. The company also discussed a $730 million IEEPA tariff refund, with $685 million reducing cost of goods sold and $45 million remaining in inventory, representing about 145 basis points of gross-margin benefit. CFO Richard McPhail said rising fuel, energy and product input costs are expected to fully offset the refunds over the year, with fiscal fourth-quarter gross margin expected to be roughly flat year over year.
The Home Depot IncBeat earnings and sales estimates, reaffirmed outlook, and discussed a tariff refund benefiting gross margin.
