NewsWPLG Local 10 – Main FeedAugust 18, 2026Miami-Dade
Home Depot reports revenue growth driven by small projects despite housing market slump
Home Depot reported second-quarter revenue of $47.86 billion, exceeding Wall Street expectations as customers prioritized smaller home improvement projects over larger renovations. While the company saw a 1.7% increase in global comparable sales, it maintained its existing fiscal 2026 growth guidance, citing ongoing pressure from high interest rates and housing affordability.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
The company's performance highlights a shift in consumer spending habits, where high borrowing costs are discouraging large-scale home renovations while smaller, self-funded projects remain steady.
Key Facts
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Who's Mentioned
organizationWall Street“Provided revenue and earnings expectations.”organizationNational Association of Realtors“Reported data on existing home sales and prices.”personNeil Saunders“Provided analysis on project trends.”personRichard McPhail“Overseeing operations during CEO's medical leave.”organizationHome Depot“Reported quarterly earnings and launched new delivery service.”personTed Decker“On temporary medical leave of absence.”