<p>作者：Tomi Kilgore 和 Bill Peters</p>
<p>利润和总销售额超出预期，但可比销售增长略显不足</p>
<p>家得宝的股票在周二上涨，因为该零售商的收益超出预期，并确认了全年的展望。</p>
<p>在家得宝保持全年展望不变后，该公司的股票在周二小幅上涨，这让担心伊朗战争导致汽油价格上涨会进一步压缩消费者支出并抑制疲软住房市场的投资者松了一口气。</p>
<p>该零售商的财年第一季度利润和总销售额超出预期，但报告的可比销售增长低于预测，因为更多的消费者仍然不愿意投入更大、更昂贵的项目。</p>
<p>首席执行官 Ted Decker 表示：“尽管消费者的不确定性和住房可负担性压力加大，但我们业务的基本需求与我们在 2025 财年看到的相对相似。”</p>
<p>在家得宝的财报电话会议上，Decker 表示，尽管消费者在大型项目上有所保留，但他们在第一季度的参与度比公司之前看到的更高。</p>
<p>第一季度可比大宗商品购买（即价格超过 1000 美元的商品）增长了 0.8%。这一增幅略低于第四季度的增长，因为房主们推迟了那些不被视为必要的翻新。</p>
<p>然而，Decker 表示，尽管消费者在过去几年面临价格冲击和高利率使住房市场停滞，家得宝的消费者整体表现良好。随着天气改善，5 月初的销售回升为消费者参与提供了乐观的理由。</p>
<p>“你看看我们的核心客户，他们可能是所有消费者中最健康的，” 他说。“他们往往拥有自己的房屋。在过去几年中，他们的房屋价值上涨了 50%。他们的股票投资组合也有所改善。”</p>
<p>截至周二下午早些时候，家得宝的股票上涨了 0.7%。周一，股票上涨了 0.8%，在周五收盘时达到了自 2023 年 11 月以来的最低价。</p>
<p>截至 5 月 4 日的季度，可比销售（即开业超过一年的商店销售）同比增长 0.6%，这是连续第四个季度的增长。但这一结果低于 FactSet 汇编的分析师平均预期的 0.8% 增长。美国商店的销售增长了 0.4%。</p>
<p>总销售额增长了 4.8%，达到 417.7 亿美元，超过 FactSet 一致预期的 415.9 亿美元。</p>
<p>销售成本同比增长 6%，这导致毛利率（衡量销售盈利能力的指标）从 33.8% 降至 33%。</p>
<p>公司确认其全年可比销售增长的指导预期约为持平至 2%，而总销售增长的展望保持在 2.5% 至 4.5% 不变。</p>
<p>D.A. Davidson 的分析师 Michael Baker 表示，重申的指导可能是 “温和积极的”，因为与伊朗战争持续相关的消费者压力 “可能导致下滑”。</p>
<p>第一季度的净收入同比下降 4.2%，降至 32.9 亿美元，而调整后的每股收益（不包括非经常性项目）从 3.56 美元降至 3.43 美元，但超出分析师预期的 3.41 美元。</p>
<p>全年调整后每股收益增长的展望保持在持平至 4%。</p>
<p>该股票在 2026 年下跌了 12.3%，而竞争对手 Lowe's（LOW）的股票下跌了 9.3%，标准普尔 500 指数（SPX）上涨了 7.8%。</p>
<p>-Tomi Kilgore -Bill Peters</p>
<p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻社</p>
<p>05-19-26 1320ET</p>

家得宝

美国房产主题 ETF - SPDR

住房建设 3 倍做多 ETF - Direxion

美国房产建设 ETF - iShares

<p>家得宝报告的利润和总销售额均超出预期，尽管可比销售增长略有失利，但仍确认了全年展望。首席执行官 Ted Decker 指出，尽管消费者对大型项目持谨慎态度，但他们仍然保持参与。总销售额增长 4.8%，达到 417.7 亿美元，可比销售增长 0.6%。公司维持全年可比销售增长持平至 2% 的指引。在由于汽油价格上涨和房地产市场压力引发的消费者支出担忧中，家得宝的股票上涨了 0.7%</p>

<p>By Tomi Kilgore and Bill Peters</p>
<div class="lb-trans"><p>作者：Tomi Kilgore 和 Bill Peters</p>
</div><p>Profit and total sales beat expectations, but comparable sales growth came up a bit shy</p>
<div class="lb-trans"><p>利润和总销售额超出预期，但可比销售增长略显不足</p>
</div><p>Home Depot's stock was rising Tuesday as the retailer's earnings beat expectations and its full-year outlook was affirmed.</p>
<div class="lb-trans"><p>家得宝的股票在周二上涨，因为该零售商的收益超出预期，并确认了全年的展望。</p>
</div><p>Shares of Home Depot crept higher on Tuesday after the home- improvement giant kept its full-year outlook intact - a relief for investors worried that higher gasoline prices due to the Iran war would further crimp consumer spending and hold down a struggling housing market.</p>
<div class="lb-trans"><p>在家得宝保持全年展望不变后，该公司的股票在周二小幅上涨，这让担心伊朗战争导致汽油价格上涨会进一步压缩消费者支出并抑制疲软住房市场的投资者松了一口气。</p>
</div><p>The retailer beat fiscal first-quarter profit and total sales expectations but reported comparable sales that rose less than forecast, as more shoppers remain reluctant to commit to bigger, costlier projects.</p>
<div class="lb-trans"><p>该零售商的财年第一季度利润和总销售额超出预期，但报告的可比销售增长低于预测，因为更多的消费者仍然不愿意投入更大、更昂贵的项目。</p>
</div><p>&#34;The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure,&#34; said CEO Ted Decker.</p>
<div class="lb-trans"><p>首席执行官 Ted Decker 表示：“尽管消费者的不确定性和住房可负担性压力加大，但我们业务的基本需求与我们在 2025 财年看到的相对相似。”</p>
</div><p>During Home Depot's earnings call, Decker said that while consumers were holding back on larger projects, they were &#34;engaged across more departments&#34; during the first quarter than the company had seen previously.</p>
<div class="lb-trans"><p>在家得宝的财报电话会议上，Decker 表示，尽管消费者在大型项目上有所保留，但他们在第一季度的参与度比公司之前看到的更高。</p>
</div><p>Comparable big-ticket purchases - those that cost more than $1,000 - were up 0.8% during the first quarter. That increase was a bit of a slowdown from the gains seen in the fourth quarter, as homeowners hold off on renovations that aren't deemed essential.</p>
<div class="lb-trans"><p>第一季度可比大宗商品购买（即价格超过 1000 美元的商品）增长了 0.8%。这一增幅略低于第四季度的增长，因为房主们推迟了那些不被视为必要的翻新。</p>
</div><p>However, Decker said Home Depot's consumers were holding up overall, despite the price shocks they've dealt with over the past several years and the higher interest rates that have kept the housing market frozen. A sales pickup in early May as weather improved provided reason for optimism about consumer engagement.</p>
<div class="lb-trans"><p>然而，Decker 表示，尽管消费者在过去几年面临价格冲击和高利率使住房市场停滞，家得宝的消费者整体表现良好。随着天气改善，5 月初的销售回升为消费者参与提供了乐观的理由。</p>
</div><p>&#34;You look at our core customer, they're probably amongst the healthiest of all consumers,&#34; he said. &#34;They tend to own their homes. They did have that 50% value pop in the value of their homes over the past several years. And their portfolios in equities have also improved.&#34;</p>
<div class="lb-trans"><p>“你看看我们的核心客户，他们可能是所有消费者中最健康的，” 他说。“他们往往拥有自己的房屋。在过去几年中，他们的房屋价值上涨了 50%。他们的股票投资组合也有所改善。”</p>
</div><p>Home Depot shares rose 0.7% as of early afternoon on Tuesday. The shares gained 0.8% on Monday, after closing Friday at their lowest price since November 2023.</p>
<div class="lb-trans"><p>截至周二下午早些时候，家得宝的股票上涨了 0.7%。周一，股票上涨了 0.8%，在周五收盘时达到了自 2023 年 11 月以来的最低价。</p>
</div><p>For the quarter to May 4, comparable sales, or sales of stores open for more than a year, rose 0.6% from a year ago, the fourth straight quarter of growth. But the results missed the average analyst estimate compiled by FactSet of 0.8% growth. Sales in U.S. stores increased 0.4%.</p>
<div class="lb-trans"><p>截至 5 月 4 日的季度，可比销售（即开业超过一年的商店销售）同比增长 0.6%，这是连续第四个季度的增长。但这一结果低于 FactSet 汇编的分析师平均预期的 0.8% 增长。美国商店的销售增长了 0.4%。</p>
</div><p>Total sales rose 4.8% to $41.77 billion, above the FactSet consensus of $41.59 billion.</p>
<div class="lb-trans"><p>总销售额增长了 4.8%，达到 417.7 亿美元，超过 FactSet 一致预期的 415.9 亿美元。</p>
</div><p>The cost of sales rose 6% from a year ago, which reduced gross margin, a measure of how profitable sales are, to 33% from 33.8%.</p>
<div class="lb-trans"><p>销售成本同比增长 6%，这导致毛利率（衡量销售盈利能力的指标）从 33.8% 降至 33%。</p>
</div><p>The company affirmed its full-year guidance for comparable sales growth of approximately flat to 2%, while the outlook for total sales growth was held steady at 2.5% to 4.5%.</p>
<div class="lb-trans"><p>公司确认其全年可比销售增长的指导预期约为持平至 2%，而总销售增长的展望保持在 2.5% 至 4.5% 不变。</p>
</div><p>D.A. Davidson analyst Michael Baker said the reiterated guidance was perhaps &#34;mildly positive,&#34; in that the pressure on consumers associated with the continuation of the Iran war &#34;could have led to a downtick.&#34;</p>
<div class="lb-trans"><p>D.A. Davidson 的分析师 Michael Baker 表示，重申的指导可能是 “温和积极的”，因为与伊朗战争持续相关的消费者压力 “可能导致下滑”。</p>
</div><p>Net income for the first quarter fell 4.2% from a year ago to $3.29 billion, while adjusted earnings per share, which excludes nonrecurring items, slipped to $3.43 from $3.56 but beat analyst expectations of $3.41.</p>
<div class="lb-trans"><p>第一季度的净收入同比下降 4.2%，降至 32.9 亿美元，而调整后的每股收益（不包括非经常性项目）从 3.56 美元降至 3.43 美元，但超出分析师预期的 3.41 美元。</p>
</div><p>The outlook for full-year adjusted EPS growth was kept at flat to 4%.</p>
<div class="lb-trans"><p>全年调整后每股收益增长的展望保持在持平至 4%。</p>
</div><p>The stock has dropped 12.3% in 2026, while shares of rival Lowe's (LOW) have lost 9.3% and the S&amp;P 500 SPX has gained 7.8%.</p>
<div class="lb-trans"><p>该股票在 2026 年下跌了 12.3%，而竞争对手 Lowe's（LOW）的股票下跌了 9.3%，标准普尔 500 指数（SPX）上涨了 7.8%。</p>
</div><p>-Tomi Kilgore -Bill Peters</p>
<div class="lb-trans"><p>-Tomi Kilgore -Bill Peters</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻社</p>
</div><p>05-19-26 1320ET</p>
<div class="lb-trans"><p>05-19-26 1320ET</p>
</div>

家得宝称其客户状况良好，但他们在某些方面有所克制