Home Depot Not Seeing Trade Down, Expects Low Growth in 2026

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The Home Depot reported earnings this morning and delivered an expected quarter. They continue to deal with low housing turnover and a stretched consumer, but are managing to post positive comps.

They saw comp sales increase by 0.5% in the quarter and think they’ll have 0% to 2% comp growth in 2026. They’re growing comp sales through average ticket price.

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