Home Depot Distribution Unit Drives Better Sales as Guidance Holds
Home Depot’s distribution arm has turned from dragging comparable sales to comping above the company average, helped by stronger performance across verticals and a larger share captured through SRS, with 90% of stores closing sales that way over the past 12 months. The company beat fiscal Q2 2026 expectations, raised gross margin 25 bps to 33.7%, and reaffirmed guidance, while transactions still fell 1% to watch for a turnaround.