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Home Depot earnings reflect consumer resilience

Photo: jetcityimage - stock.adobe.com

June 1, 2026

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Home Depot consumers are "engaged" despite high gas prices and dipping consumer confidence.

The home improvement retailer, in reporting its Q1 earnings, also stated shoppers are being cautious when it comes to big projects, according to a CNBC report on the company's earnings report.

Home Depot's revenue for the quarter ended May 3 was $41.77 billion, a tiny bit higher thanthe expected $41.52 billion and reported net income as $3.29 billion, a dip from $3.43 billion year over year.

On the sales front sales were up almost 5%, compared to a year earlier, hitting $41.77 billion.

Earlier this year Home Depot debuted a real-time delivery tracker for big and bulky materials orders. The online tool, available via Home Depot's website and app, solves what had been a big issue for its Pro customers — think construction companies — the lack of insight on real-time product delivery.