What Is The One Risk Every Home Depot Investor Should Know?

Shares of Home Depot (HD) have lost 22% over the past twelve months, significantly lagging the 17.0% return of the S&P 500. Total sales are still growing, up 5.7% in the fiscal second quarter. Yet during Home Depot’s August 18, 2026 earnings call, executives described a sector-wide pressure that remains out of their hands. So what is that pressure, and where does it come from.