Home Depot posted modest 1Q26 sales growth but lower profit as large remodeling projects remained pressured, while its Pro business stayed resilient and the SRS acquisition continued to bolster contractor-focused demand. Here's the key figures.
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It follows a pilot of SIMPL’s technology at a Georgia HD distribution center.
With prior digital leadership roles at BP, Uber and Toyota, they’ll now lead the strategy, development and alignment of product management, data and AI for he company.
Set to complete by mid-year, it represents a new product vertical for building materials-oriented SRS, netting it 42 locations across the Southeast U.S.
The updates are designed to help Pros more efficiently manage projects by improving how they build material lists, place orders and coordinate deliveries. It further blurs the line between retail and distribution for a customer base heavily focused on contractors.
The feature will provide pros with minute-by-minute updates on deliveries, including visibility into the truck route and remaining stops.
The new capability is designed to help pros create project material lists within minutes.
In a move to better serve the complex project planning needs of contractors that are typically served by distributors, The Home Depot launches digital project planner.
The deal went final just over a month after it was originally announced, and marks HD’s second landmark building materials distribution purchase in about 15 months.
HD saw the strongest broad strength across its merchandising departments in over two years during 2Q, while average ticket and big ticket comps accelerated.
GMS has agreed to be acquired by The Home Depot’s subsidiary SRS Distribution for $110 per share, topping a rival bid and valuing the deal at $5.5 billion.
Home Depot and QXO are both pursuing a potential acquisition of GMS, following QXO’s $5 billion bid, according to the Wall Street Journal.
The Home Depot appointed a new EVP and CIO to lead its technology strategy and drive continued digital innovation across the business.
The world’s largest home improvement retailer said it won’t raise prices in the wake of tariff impacts, but that some products may be removed from store shelves.
Home Depot reported an improvement in customer demand in 4Q as the company broke a same-store decline in sales which persisted over the past two years.
 The Savannah DC supports hundreds of Home Depot stores with products and has been crucial in hurricane relief.
The Home Depot partnered with the delivery apps to provide customers with faster, on-demand delivery of home improvement products.
HD expects SRS to contribute approximately $6.4 billion in incremental 2024 sales, according to the company's updated 2024 outlook.
Founding the company with Arthur Blank in 1978, Marcus spearheaded its rapid growth over the next two decades.
A company memo says the policy will help corporate staff understand the challenges and opportunities that store workers face every day.
