Home Depot navigated a housing freeze with 0.3% annual comps, achieving 11% online growth and record Gift Center sales through store reorganizations, MET tasking shifts, SRS tuck-ins, and real-time tracking despite a 10 basis point gross margin decline from mix. Pro strength in power, plumbing, and electrical offset weak DIY big-ticket demand, supported by rising associate tenure, customer satisfaction, and a Pro Xtra program exceeding Canada's population, though 2026 guidance remains cautious at flat to 2% comps. The stock dropped 10.9% post-earnings as investors viewed margin pressure and low-single-digit outlook as structural amid prolonged housing weakness.

Company: The Home Depot, Inc. (HD) — Q4 FY2026

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