Home Depot Share Slip on Muted Sales Outlook for Next Year -- WSJ

Dow Jones12-09 21:41

By Sarah Nassauer

Home Depot shares slipped 2% in premarket trading after the company forecast lower-than-expected sales growth for next year amid an extended downturn in home-improvement activity.

-- The home-improvement retailer expects sales to grow between 2.5% to 4.5% in its next financial year.

-- That is more cautious than the 4.5% growth expected by analysts polled by FactSet.

-- Home Depot predicted same-store sales for fiscal 2026 to grow in the range of flat to 2%, also below analysts' expectations.

-- The forecasts for the company's 2026 fiscal year, which begins in early February, were made ahead of an investor conference Tuesday.

The company last month reported lower third-quarter profit and trimmed its full-year outlook for 2025. Economic uncertainty and a stalled housing market have made homeowners more cautious about taking on big renovation projects.

Home Depot said it expects fiscal 2026 sales to grow at a faster clip should the housing market regain momentum and home-improvement spending picks up.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 09, 2025 08:41 ET (13:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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