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CLAIM #29691 · The Home Depot Inc (HD) · 2025Q4 earnings call · Feb 24, 2026 · due Jan 31, 2027

And Zach, what may drive us to the lower end of the range would be if the market is not performing as well. And the #1 driver of that would be continued consumer uncertainty.

Ted Decker · CEO

PENDING
graded after results covering Jan 31, 2027 are reported

How to check this claim

Look at: Full-year comparable sales growth (or full-year sales growth) versus the company's guided range

It came true if: Full-year reported comparable sales growth falls in the lower half of the previously issued guidance range

Where: Company quarterly earnings releases and full-year results (10-K / Q4 earnings call)

In context

an incredible job and spent the better part of almost a year now working through that. And just to give you some context, we're mostly done with tariff-related pricing actions as it relates to the impacts back to April. And to give some, again, context around that. If you think about -- our exposure was kind of mid-single digits. And then if you think of like SKU price, that's right about 3% just in terms of the impact. So we feel great about our position. Our teams, along with our merchants, our suppliers have done an incredible job continuing to advocate on low prices and being the customers' advocate there. So we look forward to spring, as I mentioned in my prepared remarks. And as I said, we're mostly done with the related pricing actions around what we've seen so far. Edward Decker: And Zach, what may drive us to the lower end of the range would be if the market is not performing as well. And the #1 driver of that would be continued consumer uncertainty. That's still the #1 reason. Our people are telling us, our customers are telling us that they're not investing certainly in large projects. And that has everything to do with consumer confidence and sentiment, jobs picture, overall price levels and affordability in the economy. Home prices, if we do start to see some wider spread home price decrease that may have a negative psychological impact, turnover stays low and that there's a little more price elasticity. As Billy said, while we have a modest year-over-year price outlook for the year, we could see higher responses of elasticity. So that could be on the macro why we would have a more challenged year as an industry. And then we have a little unique profile of the year by quarter going into '26, which Richard will take us through. Ric

Verify independently

SEC filings for HD · Claim quote is verbatim from the 2025Q4 earnings call.