A spring and early summer upturn in home upgrade projects is being credited for a Home Depot net sales increase of 5.7%, according to the company’s most recent earnings statement.
“Our second quarter results exceeded our expectations,” Richard McPhail, Home Depot’s chief executive officer, said in statement released on Tuesday.
Added McPhail: “We saw broad-based demand across the business as customers continued to engage in smaller projects.”
The largest home improvement retailer in the country, the Atlanta-based Home Depot recorded an increase of some $2.6 billion in sales compared with the same period in 2025 when the increase stood at $2.1 billion.
Altogether, the company’s second quarter sales stood at $47.9 billion. During this same time a year ago, that figure stood at $45.3 billion.
During this same most recent quarter, the company also oversaw the opening of nearly 15 new stores, compared with 13 a year ago.
Those new stores, notes the Wall Street Journal, come during a time when Home Depot has made improvements to its existing locations, “evolving its staffing model and launching new technology, including artificial intelligence, to better support its business.”
The company has also put money into tightening its fulfillment services in an effort to provide customers, including especially contractors, with the most swift delivery service.
Home Depot’s latest figures, notes the website Fox Business, comes as the “housing market remains constrained by affordability pressures, potentially limiting demand for larger renovations that are more likely to require financing.”
The company currently has nearly 2,400 stores.
August 20, 2026
By Garry Boulard
